Company registration number SC291138 (Scotland)
HAI CLEAN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
HAI CLEAN LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
HAI CLEAN LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
224,966
171,047
Tangible assets
5
2,558
3,202
227,524
174,249
Current assets
Debtors
6
12,889
7,490
Cash at bank and in hand
16,410
12,143
29,299
19,633
Creditors: amounts falling due within one year
7
(31,903)
(35,902)
Net current liabilities
(2,604)
(16,269)
Total assets less current liabilities
224,920
157,980
Creditors: amounts falling due after more than one year
8
(627,012)
(530,869)
Net liabilities
(402,092)
(372,889)
Capital and reserves
Called up share capital
17
17
Share premium account
660,007
610,007
Profit and loss reserves
(1,062,116)
(982,913)
Total equity
(402,092)
(372,889)
HAI CLEAN LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 2 -

For the financial year ended 30 June 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 directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 March 2026 and are signed on its behalf by:
Mr D. J. Tonery
Director
Company registration number SC291138 (Scotland)
HAI CLEAN LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 July 2023
17
610,007
(922,240)
(312,216)
Year ended 30 June 2024:
Loss and total comprehensive income
-
-
(60,673)
(60,673)
Balance at 30 June 2024
17
610,007
(982,913)
(372,889)
Year ended 30 June 2025:
Loss and total comprehensive income
-
-
(79,203)
(79,203)
Issue of share capital
-
0
50,000
-
50,000
Balance at 30 June 2025
17
660,007
(1,062,116)
(402,092)
HAI CLEAN LIMITED
STATEMENT OF CHANGES IN EQUITY (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
1
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.

2
Accounting policies
Company information

HAI Clean Limited is a private company limited by shares incorporated in Scotland. The registered office is Strathleven House, Levenside Road, Dumbarton, Scotland, G82 3PD.

2.1
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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

2.2
Going concern

The company made a loss for the period before taxation of £79,203 (202 4 - £60,673).

The directors consider that, despite the balance sheet deficit of £402,092 (202 4 - £372,889) the going concern basis is still applicable for the preparation of the financial statements because of the continued support of the company bankers, directors and government funding organisations.

2.3
Research and development expenditure

In 2022 there was a change in company policy relating to research and development costs. Given the technical feasibility of the company's decontamination system and its strong commercial prospects, the directors made a decision to capitalise development costs.

As of 2025, the directors reaffirm this confidence, supported by the company's ongoing collaboration with

academic institutions, successful feasibility studies, and planned trials at key hospital sites. All capitalised

development costs continue to meet the recognition criteria under IAS 38, and the directors monitor these

costs regularly to ensure they remain attributable to an identifiable intangible asset with probable future

economic benefits.

Capitalised development costs are amortised over the estimated useful life of the asset once the

decontamination units enter production. Research costs, which do not meet the criteria for capitalisation,

are expensed as incurred.

The costs will be amortised over the useful life of the asset once the decontamination units enter

production.

HAI CLEAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
2
Accounting policies
(Continued)
- 5 -
2.4
Intangible fixed assets other than goodwill

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

2.5
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:

Plant and Machinery
25% reducing balance
Equipment
25% reducing balance

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.

2.6
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.

2.7
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.

HAI CLEAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
2
Accounting policies
(Continued)
- 6 -
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.

2.8
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.

3
Employees

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

2025
2024
Number
Number
Total
0
0
4
Intangible fixed assets
Development costs
£
Cost
At 1 July 2024
171,047
Additions
53,919
At 30 June 2025
224,966
Amortisation and impairment
At 1 July 2024 and 30 June 2025
-
0
Carrying amount
At 30 June 2025
224,966
At 30 June 2024
171,047
HAI CLEAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
5
Tangible fixed assets
Plant and Machinery
Equipment
Total
£
£
£
Cost
At 1 July 2024
7,401
6,226
13,627
Additions
-
0
316
316
Disposals
-
0
(193)
(193)
At 30 June 2025
7,401
6,349
13,750
Depreciation and impairment
At 1 July 2024
6,456
3,969
10,425
Depreciation charged in the year
236
616
852
Eliminated in respect of disposals
-
0
(85)
(85)
At 30 June 2025
6,692
4,500
11,192
Carrying amount
At 30 June 2025
709
1,849
2,558
At 30 June 2024
945
2,257
3,202
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
12,889
7,490
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
21,960
22,933
Trade creditors
3,654
6,553
Other creditors
6,289
6,416
31,903
35,902
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
14,240
14,767
Other creditors
612,772
516,102
627,012
530,869
HAI CLEAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
9
Directors' transactions

T he company is owned 7 2% by the directors.

At the period end the company was due £612,772 (202 4 - £516,102) to the directors and affiliates. This is included in Other Creditors due after more than 1 year.

2025-06-30 2024-07-01 false false false 17 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr D. J. Tonery Mrs A. Currie Mr P. A. Snelling Mr S. Suvagau Mr M. J. Tousey Dr P. A. Abrahams SC291138 2024-07-01 2025-06-30 SC291138 2025-06-30 SC291138 2024-06-30 SC291138 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-06-30 SC291138 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 SC291138 core:PlantMachinery 2025-06-30 SC291138 core:ComputerEquipment 2025-06-30 SC291138 core:PlantMachinery 2024-06-30 SC291138 core:ComputerEquipment 2024-06-30 SC291138 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 SC291138 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 SC291138 core:Non-currentFinancialInstruments core:AfterOneYear 2025-06-30 SC291138 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 SC291138 core:CurrentFinancialInstruments core:AfterOneYear 2025-06-30 SC291138 core:CurrentFinancialInstruments core:AfterOneYear 2024-06-30 SC291138 core:ShareCapital 2025-06-30 SC291138 core:ShareCapital 2024-06-30 SC291138 core:SharePremium 2025-06-30 SC291138 core:SharePremium 2024-06-30 SC291138 core:RetainedEarningsAccumulatedLosses 2025-06-30 SC291138 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC291138 core:ShareCapital 2023-06-30 SC291138 core:SharePremium 2023-06-30 SC291138 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC291138 bus:Director1 2024-07-01 2025-06-30 SC291138 core:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 SC291138 2023-07-01 2024-06-30 SC291138 core:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 SC291138 core:ShareCapital 2024-07-01 2025-06-30 SC291138 core:SharePremium 2024-07-01 2025-06-30 SC291138 core:IntangibleAssetsOtherThanGoodwill 2024-07-01 2025-06-30 SC291138 core:PlantMachinery 2024-07-01 2025-06-30 SC291138 core:ComputerEquipment 2024-07-01 2025-06-30 SC291138 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 SC291138 core:DevelopmentCostsCapitalisedDevelopmentExpenditure core:ExternallyAcquiredIntangibleAssets 2024-07-01 2025-06-30 SC291138 core:PlantMachinery 2024-06-30 SC291138 core:ComputerEquipment 2024-06-30 SC291138 2024-06-30 SC291138 core:CurrentFinancialInstruments 2025-06-30 SC291138 core:CurrentFinancialInstruments 2024-06-30 SC291138 core:Non-currentFinancialInstruments 2025-06-30 SC291138 core:Non-currentFinancialInstruments 2024-06-30 SC291138 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC291138 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 SC291138 bus:FRS102 2024-07-01 2025-06-30 SC291138 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 SC291138 bus:Director2 2024-07-01 2025-06-30 SC291138 bus:Director3 2024-07-01 2025-06-30 SC291138 bus:Director4 2024-07-01 2025-06-30 SC291138 bus:Director5 2024-07-01 2025-06-30 SC291138 bus:Director6 2024-07-01 2025-06-30 SC291138 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP