Company registration number 13872813 (England and Wales)
LUNAR DIGITAL SOLUTIONS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
LUNAR DIGITAL SOLUTIONS LIMITED
COMPANY INFORMATION
Directors
Mr P J Doyle
Mr R J Garbutt
Mr C Appleby
Mr M Sedgley
Company number
13872813
Registered office
Unit 2 Reynolds House
4 Archway
Manchester
M15 5RL
Accountants
Xeinadin North West Limited
Xeinadin Manchester
100 Barbirolli Square
Manchester
Greater Manchester
United Kingdom
M2 3BD
Solicitors
Pannone Corporate LLP
2nd Floor
1 Spinningfields Sqaure
Deansgate
Manchester
M3 3AP
LUNAR DIGITAL SOLUTIONS LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Statement of changes in equity
5
Notes to the financial statements
6 - 11
LUNAR DIGITAL SOLUTIONS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

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

Principal activities

The principal activity of Lunar Digital is the build and operation of energy efficient network independent data centres in the UK serving AI, HPC, Corporate, Enterprise, MSP, Public Sector and Academic customers along with the Streaming and Media community.

REVIEW OF BUSINESS

The UK data centre market is the largest in Western Europe and the growth of data and new services such as HPC, AI, streaming and cloud computing is creating new sources of demand. Lunar Digital continues to strive as a sustainable digital ecosystem providing mission critical infrastructure underpinning the digital economy. Lunar Digital continues to increase its carrier density to better serve its customers with an increased choice of tier 1 and tier 2 low latency, high-capacity networks and peering exchanges.

Throughout 2024 Lunar Digital saw an increase in colocation demand in Manchester due to the invent of AI and the infrastructure required to run Deep Leaning and Machine Learning LLM's. This increased demand also saw an increase in rack power density. Lunar Digital's response was to implement infrastructure capable of cooling HPC racks.

Lunar 1 & 2 adds 3.5MVA of capacity to our Manchester portfolio and a multi-million-pound expansion programme was completed throughout 2024 to upgrade the cooling and UPS to reduce the PUE of the facility and enable HPC rack hosting of high-density racks suitable for today's demanding compute. Lunar Digital is now capable of hosting NVIDIA H100, H200 and GB200 GPU's synonymous with HPC workloads utilised in AI.

Due to increased network traffic, Lunar Digital invested heavily in upgrading its metro and national network capacity to carry multiple 10Gig load profiles with a new 100Gig route commissioned between Lunar 1 and Telehouse North. Lunar Digital also increased the network support and engineering team in its NOC in Manchester and Exeter.

Lunar Digital welcomed the LINX Internet Exchange Point into our Lunar 1 data centre.

Lunar Digital are proud of our ESG credential and are 100% carbon neutral powered by renewable energy excluding Biomass.

Lunar Digital are also ISO9001, ISO27001, ISO14001 and PCI DSS Level 4 accredited.

Directors

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

Mr P J Doyle
Mr R J Garbutt
Mr C Appleby
Mr M Sedgley
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
Mr R J Garbutt
Director
4 March 2026
LUNAR DIGITAL SOLUTIONS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LUNAR DIGITAL SOLUTIONS LIMITED FOR THE YEAR ENDED 31 DECEMBER 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 Lunar Digital Solutions Limited for the year ended 31 December 2025 which comprise the profit and loss account, the balance sheet, the statement of changes in equity and the related notes from the company’s 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 Lunar Digital Solutions 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 Lunar Digital Solutions Limited and state those matters that we have agreed to state to the b oard of d irectors of Lunar Digital Solutions 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 Lunar Digital Solutions 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 Lunar Digital Solutions 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 profit of Lunar Digital Solutions Limited. You consider that Lunar Digital Solutions 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 Lunar Digital Solutions 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.

Xeinadin North West Limited
Xeinadin Manchester
100 Barbirolli Square
Manchester
Greater Manchester
M2 3BD
United Kingdom
4 March 2026
LUNAR DIGITAL SOLUTIONS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
2025
2024
as restated
Notes
£
£
Turnover
5,000,332
3,618,636
Cost of sales
(1,392,916)
(1,022,246)
Gross profit
3,607,416
2,596,390
Administrative expenses
(2,420,809)
(2,244,738)
Operating profit
1,186,607
351,652
Interest payable and similar expenses
(192,928)
(101,634)
Profit before taxation
993,679
250,018
Tax on profit
(81,912)
(262,216)
Profit/(loss) for the financial year
911,767
(12,198)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

LUNAR DIGITAL SOLUTIONS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 4 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,611,957
1,426,152
Current assets
Debtors
4
2,157,295
2,160,755
Cash at bank and in hand
1,186,412
519,479
3,343,707
2,680,234
Creditors: amounts falling due within one year
5
(2,909,251)
(2,560,158)
Net current assets
434,456
120,076
Total assets less current liabilities
2,046,413
1,546,228
Creditors: amounts falling due after more than one year
6
(1,163,616)
(1,029,044)
Provisions for liabilities
(357,617)
(328,771)
Net assets
525,180
188,413
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
525,080
188,313
Total equity
525,180
188,413

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

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.

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 financial statements were approved by the board of directors and authorised for issue on 4 March 2026 and are signed on its behalf by:
Mr R J Garbutt
Director
Company registration number 13872813 (England and Wales)
LUNAR DIGITAL SOLUTIONS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
As restated for the period ended 31 December 2024:
Balance at 1 January 2024
100
200,511
200,611
Year ended 31 December 2024:
Loss and total comprehensive income
-
(12,198)
(12,198)
Balance at 31 December 2024
100
188,313
188,413
Year ended 31 December 2025:
Profit and total comprehensive income
-
911,767
911,767
Dividends
-
(575,000)
(575,000)
Balance at 31 December 2025
100
525,080
525,180
LUNAR DIGITAL SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
1
Accounting policies
Company information

Lunar Digital Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office and the principle place of business is Unit 2 Reynolds House, 4 Archway, Manchester, M15 5RL.

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
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents amounts recognised by the company in respect of services supplied, exclusive of value added tax and trade discounts. Turnover principally consists of the services provided in relation to data, cloud and connectivity services.

1.4
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:

Leasehold property improvements
Over the term of the lease
Plant and equipment
10% straight line
Fixtures and fittings
20% straight line
Computers
20% straight line

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.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible 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.

LUNAR DIGITAL SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 7 -
1.6
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.

1.7
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.

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.

1.8
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.

1.9
Taxation

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

LUNAR DIGITAL SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 8 -
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 company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

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 when the company has 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.

1.10
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.

1.11
Retirement benefits

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

1.12
Leases
As lessee

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.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

LUNAR DIGITAL SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
2
Employees

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

2025
2024
Number
Number
Total
10
10
3
Tangible fixed assets
Leasehold property improvements
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost
At 1 January 2025
24,446
1,483,528
2,025
19,748
1,529,747
Additions
-
0
353,766
1,034
3,613
358,413
At 31 December 2025
24,446
1,837,294
3,059
23,361
1,888,160
Depreciation and impairment
At 1 January 2025
2,520
98,030
323
2,722
103,595
Depreciation charged in the year
1,632
166,052
486
4,438
172,608
At 31 December 2025
4,152
264,082
809
7,160
276,203
Carrying amount
At 31 December 2025
20,294
1,573,212
2,250
16,201
1,611,957
At 31 December 2024
21,926
1,385,498
1,702
17,026
1,426,152
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
448,164
284,760
Corporation tax recoverable
-
0
32,611
Other debtors
1,575,259
1,756,471
Prepayments and accrued income
133,872
86,913
2,157,295
2,160,755
LUNAR DIGITAL SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 10 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
233,557
194,950
Trade creditors
270,917
425,682
Corporation tax
53,066
-
0
Other taxation and social security
104,610
22,604
Other creditors
41,066
17,631
Accruals and deferred income
2,206,035
1,899,291
2,909,251
2,560,158
6
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
733,026
839,062
Other creditors
430,590
189,982
1,163,616
1,029,044
Creditors which fall due after five years are payable as follows:
Payable by instalments
189,547
64,282
7
Related party transactions

At the reporting date, the following balance was present with related parties. These related parties are other companies under common control.

Included in creditors: £Nil (2024: £16,275).

Included in debtors: £1,265,185 (2024: £1,681,743).

Additionally, included in creditors is an amount £430,590 (2024: £189,985) owed to the shareholders. This balance presents an interest free loan.

8
Parent company

The parent company of Lunar Digital Solutions Limited is Lunar Holdco Limited and its registered office is Unit 2, Reynolds House, 4 Archway, Manchester, England, M15 5RL.

LUNAR DIGITAL SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 11 -
9
Prior period adjustment
Changes to the balance sheet
As previously reported
Adjustment
As restated at 31 Dec 2024
£
£
£
Current assets
Debtors due within one year
762,419
1,398,336
2,160,755
Creditors due within one year
Other creditors
(944,268)
(1,398,336)
(2,342,604)
Net assets
188,413
-
188,413
Capital and reserves
Total equity
188,413
-
188,413
Reconciliation of changes in equity
The prior period adjustments do not give rise to any effect upon equity.
Notes to reconciliation
Prior period adjustment

During the year, it was identified that a lease arrangement had been incorrectly recognised in the financial statements of the Company for the year ended 31 December 2024, having been recorded in the wrong group entity. As a result, the related lease income and associated costs, including the VAT recoverable, were not recognised in the appropriate company.

The prior year comparatives have been restated to correct this error. The correction reflects the recharge of the lease income to the appropriate group entity, the recognition of the associated lease costs in that entity, and the recovery of the related VAT.

The impact of the restatement on the comparative figures is set out in the table above.

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