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REGISTERED NUMBER: NI029721 (Northern Ireland)

| RANDALSTOWN HYDRO ELECTRIC COMPANY LTD |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 JUNE 2025 |

RANDALSTOWN HYDRO ELECTRIC COMPANY LTD (REGISTERED NUMBER: NI029721) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page |

| Company Information | 1 |

| Chartered Accountants' Report | 2 |

| Balance Sheet | 3 |

| Notes to the Financial Statements | 5 |

| RANDALSTOWN HYDRO ELECTRIC COMPANY LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTORS: | D J O Neill

| A O Neill

| REGISTERED OFFICE: | 8 Grange Road

| Magherafelt

| Co. Londonderry

| BT45 5EL

| REGISTERED NUMBER: | NI029721 (Northern Ireland)

| ACCOUNTANTS: | McAleer Jackson Ltd

| Chartered Accountants

| Church House

| 24 Dublin Road

| OMAGH

| Co. Tyrone

| BT78 1HE

| BANKERS: | Bank of Ireland

| Market Street

| MAGHERAFELT

| Co. Londonderry

| BT45 6EE

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

RANDALSTOWN HYDRO ELECTRIC COMPANY LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 30 June 2025 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 30 June 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.

McAleer Jackson Ltd

Chartered Accountants

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

12 March 2026

RANDALSTOWN HYDRO ELECTRIC COMPANY LTD (REGISTERED NUMBER: NI029721) |

BALANCE SHEET

30 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 650,722 |  | 662,563 |  |

Investments | 5 | 78,658 |  | 78,658 |  |

729,380 |  | 741,221 |  |

CURRENT ASSETS

Debtors | 6 | 237,332 |  | 232,580 |  |

Cash at bank | 71,063 |  | 125,514 |  |

308,395 |  | 358,094 |  |

CREDITORS

Amounts falling due within one year | 7 | 15,246 |  | 59,799 |  |

NET CURRENT ASSETS | 293,149 |  | 298,295 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,022,529 |  | 1,039,516 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (374,592 | ) | (409,713 | ) |

PROVISIONS FOR LIABILITIES | (13,441 | ) | (16,579 | ) |

ACCRUALS AND DEFERRED INCOME | (15,000 | ) | (15,000 | ) |

NET ASSETS | 619,496 |  | 598,224 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 619,494 |  | 598,222 |  |

SHAREHOLDERS' FUNDS | 619,496 |  | 598,224 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RANDALSTOWN HYDRO ELECTRIC COMPANY LTD (REGISTERED NUMBER: NI029721) |

BALANCE SHEET - continued

30 JUNE 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 12 March 2026 and were signed on its behalf by:

D J O Neill - Director

RANDALSTOWN HYDRO ELECTRIC COMPANY LTD (REGISTERED NUMBER: NI029721) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The financial statements are prepared in sterling which is the functional currency of the Company.

| Preparation of consolidated financial statements

| The financial statements contain information about Randalstown Hydro Electric Company Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Significant judgements and estimates

| Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Recoverability of debtors

| Estimates are made in respect of the recoverable value of trade and other debtors. When assessing the level of provisions required, factors including current trading experience, historical experience and the aging profile of debtors are considered.

| Useful economic lives of tangible assets

| The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on future investments, economic utilisation and the physical conditions of the assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. It is recognised when services have been provided to customers such that the risks and rewards of ownership have been transferred to them.

| Tangible fixed assets

| Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment.

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

| estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant & machinery - 3% - 15% straight line

| Motor vehicles - 25% straight line

| Fixtures & fittings - 15% straight line

RANDALSTOWN HYDRO ELECTRIC COMPANY LTD (REGISTERED NUMBER: NI029721) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Debtors and creditors receivable/payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| Provisions for liabilities

| Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

| Provisions are charged as an expense to the statement of comprehensive income in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

| When payments are eventually made, they are charged to the provision carried in the balance sheet.

| Fixed asset investments

| Fixed asset investments are stated at historical cost less provision for any diminution in value.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

RANDALSTOWN HYDRO ELECTRIC COMPANY LTD (REGISTERED NUMBER: NI029721) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

4. | TANGIBLE FIXED ASSETS

| Land & |  | Plant & |  | Fixtures |

| buildings |  | machinery |  | & fittings |  | Totals

£ | £ | £ | £ |

| COST

| At 1 July 2024 | 600,000 |  | 806,297 |  | 1,183 |  | 1,407,480 |  |

| Additions | - |  | 8,678 |  | - |  | 8,678 |  |

| At 30 June 2025 | 600,000 |  | 814,975 |  | 1,183 |  | 1,416,158 |  |

| DEPRECIATION

| At 1 July 2024 | - |  | 743,966 |  | 951 |  | 744,917 |  |

| Charge for year | - |  | 20,417 |  | 102 |  | 20,519 |  |

| At 30 June 2025 | - |  | 764,383 |  | 1,053 |  | 765,436 |  |

| NET BOOK VALUE

| At 30 June 2025 | 600,000 |  | 50,592 |  | 130 |  | 650,722 |  |

| At 30 June 2024 | 600,000 |  | 62,331 |  | 232 |  | 662,563 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertaking

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 78,658 |  |

| NET BOOK VALUE

| At 30 June 2025 | 78,658 |  |

| At 30 June 2024 | 78,658 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 5,374 |  | 622 |  |

| Other debtors | 231,958 |  | 231,958 |  |

237,332 |  | 232,580 |  |

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

2025 | 2024 |

£ | £ |

| Taxation and social security | 10,626 |  | 54,636 |  |

| Other creditors | 4,620 |  | 5,163 |  |

15,246 |  | 59,799 |  |

RANDALSTOWN HYDRO ELECTRIC COMPANY LTD (REGISTERED NUMBER: NI029721) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

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

2025 | 2024 |

£ | £ |

| Other creditors | 374,592 |  | 409,713 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Directors loan | 34,592 |  | 9,713 |  |

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| At the year end the company had a loan amounting to £34,592 (£9,713 at 30.06.2024) from members of key management personnel.

| There is no repayment date for this loan and interest is not currently being charged.

| The loan is presented within creditors: amounts falling due after one year.

10. | RELATED PARTY DISCLOSURES

| The company has availed of the exemption to not disclose transactions with group undertakings under

| Section 33 of FRS102.