IRIS Accounts Production v25.3.0.601 11363176 Board of Directors 1.1.24 31.12.24 31.12.24 0 0 false true true false false true false 0 0 Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 11363176 2023-12-31 11363176 2024-12-31 11363176 2024-01-01 2024-12-31 11363176 2022-12-31 11363176 2023-01-01 2023-12-31 11363176 2023-12-31 11363176 ns15:EnglandWales 2024-01-01 2024-12-31 11363176 ns14:PoundSterling 2024-01-01 2024-12-31 11363176 ns10:Director1 2024-01-01 2024-12-31 11363176 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11363176 ns10:SmallEntities 2024-01-01 2024-12-31 11363176 ns10:Audited 2024-01-01 2024-12-31 11363176 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 11363176 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11363176 ns10:FullAccounts 2024-01-01 2024-12-31 11363176 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 11363176 ns10:Director2 2024-01-01 2024-12-31 11363176 ns10:Director3 2024-01-01 2024-12-31 11363176 ns10:CompanySecretary1 2024-01-01 2024-12-31 11363176 ns10:RegisteredOffice 2024-01-01 2024-12-31 11363176 ns10:Director4 2024-01-01 2024-12-31 11363176 ns10:Director5 2024-01-01 2024-12-31 11363176 ns5:CurrentFinancialInstruments 2024-12-31 11363176 ns5:CurrentFinancialInstruments 2023-12-31 11363176 ns5:ShareCapital 2024-12-31 11363176 ns5:ShareCapital 2023-12-31 11363176 ns5:RevaluationReserve 2024-12-31 11363176 ns5:RevaluationReserve 2023-12-31 11363176 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 11363176 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 11363176 ns5:ShareCapital 2022-12-31 11363176 ns5:RetainedEarningsAccumulatedLosses 2022-12-31 11363176 ns5:RevaluationReserve 2022-12-31 11363176 ns5:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11363176 ns5:RevaluationReserve 2023-01-01 2023-12-31 11363176 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 11363176 ns5:RevaluationReserve 2024-01-01 2024-12-31 11363176 1 2024-01-01 2024-12-31 11363176 ns5:CostValuation 2023-12-31 11363176 ns5:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 11363176 ns5:CostValuation 2024-12-31 11363176 ns10:OrdinaryShareClass1 2024-12-31 11363176 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 11363176 ns5:RevaluationReserve 2023-12-31

REGISTERED NUMBER: 11363176 (England and Wales)

Report of the Directors and

Financial Statements for the Year Ended 31 December 2024

for

Wight Farm Energy 1 Limited

| Wight Farm Energy 1 Limited (Registered number: 11363176) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Report of the Directors | 2 |

| Report of the Independent Auditors | 4 |

| Income Statement | 7 |

| Balance Sheet | 8 |

| Statement of Changes in Equity | 9 |

| Notes to the Financial Statements | 10 |

| Wight Farm Energy 1 Limited |

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | H Miles

| N Clements

| E W Bastow

| SECRETARY: | H Miles

| REGISTERED OFFICE: | C/o Material Change Ltd, The Amphenol

| Building, 46-50 Rutherford Drive

| Park Farm Industrial Estate

| Wellingborough

| NN8 6AX

| REGISTERED NUMBER: | 11363176 (England and Wales)

| AUDITORS: | Hardcastle Burton LLP

| Lake House

| Market Hill

| Royston

| Hertfordshire

| SG8 9JN

| Wight Farm Energy 1 Limited (Registered number: 11363176) |

Report of the Directors

for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company continued to be that of an investment entity. The company's investment is in Wight Farm Energy LLP, a limited liability partnership which operates an anaerobic digestion site which generates renewable energy.

DIRECTORS

The directors who have held office during the period from 1 January 2024 to the date of this report are as follows:

J Samworth - resigned 25 July 2024

H Unwin - resigned 25 July 2024

H Miles - appointed 25 July 2024

N Clements - appointed 25 July 2024

E W Bastow - appointed 25 July 2024

S Burns - appointed 25 July 2024

D Beaumont - appointed 25 July 2024

D Beaumont and S Burns ceased to be directors after 31 December 2024 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

Pursuant to Section 487 of the Companies Act 2006, Hardcastle Burton LLP will be deemed reappointed as auditor until the conclusion of the next Annual General Meeting.

| Wight Farm Energy 1 Limited (Registered number: 11363176) |

Report of the Directors

for the Year Ended 31 December 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

E W Bastow - Director

30 March 2026

Report of the Independent Auditors to the Members of

Wight Farm Energy 1 Limited

Opinion

We have audited the financial statements of Wight Farm Energy 1 Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 31 December 2024 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.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Report of the Directors has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Wight Farm Energy 1 Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit; or

- | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

Wight Farm Energy 1 Limited

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In identifying and assessing risks of material misstatement arising from such irregularities, we obtained an understanding of the legal and regulatory frameworks applicable to the company. We considered those directly relevant to the preparation of the financial statements to be FRS 102, the Companies Act 2006, and applicable tax compliance regulations in the jurisdictions in which the company operates.

We assessed how these frameworks affect the entity and designed audit procedures to evaluate whether any non compliance occurred during the year. These procedures included inquiry of management and those charged with governance, review of correspondence with regulatory authorities, and review of internal policies relevant to compliance.

In assessing the risks of irregularities due to fraud, we considered the areas in which such risks were most likely to arise. We identified management override of controls as a presumed fraud risk and the valuation of the unlisted investment as the area most susceptible to material misstatement due to its inherent estimation uncertainty and the level of judgement involved.

Our audit procedures in response included:

- evaluating the methodologies, key assumptions and inputs used by management in the valuation of the unlisted investment;

- assessing the reasonableness of significant estimates;

- considering indicators of management bias in the formulation of these estimates; and

- performing targeted journal entry testing and review of accounting entries relating to the investment.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors 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 members as a body, for our audit work, for this report, or for the opinions we have formed.

Denise Lindsell FCA (Senior Statutory Auditor)

for and on behalf of Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

31 March 2026

| Wight Farm Energy 1 Limited (Registered number: 11363176) |

Income Statement

for the Year Ended 31 December 2024

| 31.12.24 |  | 31.12.23

| Notes | £ | £ |

TURNOVER | 1,750 |  | 750 |  |

Administrative expenses | 16,926 |  | 14,580 |  |

OPERATING LOSS | 4 | (15,176 | ) | (13,830 | ) |

Gain/loss on revaluation of investments | (474 | ) | (2,079 | ) |

LOSS BEFORE TAXATION | (15,650 | ) | (15,909 | ) |

Tax on loss | - |  | - |  |

LOSS FOR THE FINANCIAL YEAR | (15,650 | ) | (15,909 | ) |

| Wight Farm Energy 1 Limited (Registered number: 11363176) |

Balance Sheet

31 December 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 5 | 21,421 |  | 21,895 |  |

CURRENT ASSETS

Debtors | 6 | 1,750 |  | - |  |

CREDITORS

Amounts falling due within one year | 7 | 54,770 |  | 37,844 |  |

NET CURRENT LIABILITIES | (53,020 | ) | (37,844 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (31,599 | ) | (15,949 | ) |

CAPITAL AND RESERVES

Called up share capital | 8 | 100 |  | 100 |  |

Fair value reserve | 9 | 9,807 |  | 10,281 |  |

Retained earnings | 9 | (41,506 | ) | (26,330 | ) |

SHAREHOLDERS' FUNDS | (31,599 | ) | (15,949 | ) |

The financial statements have been prepared 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 30 March 2026 and were signed on its behalf by:

E W Bastow - Director

| Wight Farm Energy 1 Limited (Registered number: 11363176) |

Statement of Changes in Equity

for the Year Ended 31 December 2024

| Called up |  | Fair |

| share |  | Retained |  | value |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 January 2023 | 100 |  | (12,500 | ) | 12,360 |  | (40 | ) |

Changes in equity

Total comprehensive income | - |  | (13,830 | ) | (2,079 | ) | (15,909 | ) |

Balance at 31 December 2023 | 100 |  | (26,330 | ) | 10,281 |  | (15,949 | ) |

Changes in equity

Total comprehensive income | - |  | (15,176 | ) | (474 | ) | (15,650 | ) |

Balance at 31 December 2024 | 100 |  | (41,506 | ) | 9,807 |  | (31,599 | ) |

| Wight Farm Energy 1 Limited (Registered number: 11363176) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Wight Farm Energy Limited is a private company, limited by shares, registered in England and Wales.

| 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 as modified by the revaluation of certain assets.

| The functional and presentational currency of the company is pound sterling.

| The financial statements have been prepared on the going concern basis. At the balance sheet date, the company held net current liabilities of £53,020 (2023: £37,844) and net liabilities of £31,599 (2023: £15,949) and did not hold any cash balances within these amounts. The company incurred a loss for the financial year of £15,650 (2023: £15,909).

| The company's resources are managed via the distributions received from the its investment in Wight Farm Energy LLP. The directors have reviewed the investee company's forecasts and trading performance, as well as considered adverse scenarios, which have shown that the company has sufficient financial resources to meet its current obligations as they fall due for a period of at least 12 months from the date of approval of this report.

| The company also continues to meet its liquidity requirements through cash resources from its ultimate parent company, Biotic NRG Ltd, who by way of a letter of support, have indicated their willingness to support the company as required for at least 12 months from the date of approval these financial statements.

| Based on the above, the board has a reasonable expectation that the company has adequate resources and group support to continue in operational existence for at least 12 months from the date of approval of this report. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

| Critical accounting 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.

| The estimates and judgements which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

| Fair value of investment (estimate)

| The fair value of the company's investments which are not traded in an active market, have been determined by reference to a recent transaction price, where such transaction represent an orderly, arm's length exchange between knowledgeable, willing parties. The recent transaction price is considered to provide the most reliable evidence of fair value at the reporting date. Management confirmed that there is no evidence of significant changes in circumstances or market conditions since the transaction occurred. The reliance on the recent transaction price is a key judgement.

| Gains and losses arising from changes in fair value are recognised in profit or loss in the period in which they arise.

| Wight Farm Energy 1 Limited (Registered number: 11363176) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

| Basic financial assets

| Basic financial assets, which include debtors, 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.

| Basic financial liabilities

| Basic financial liabilities, including creditors and loans 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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.

| 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.

| Investment income

| Income from distributions from investments is recognised when the entity’s right to receive the income is established, which for investments in LLPs is when the entitlement to profits arises in accordance with the underlying profit-sharing arrangements, and it is probable that economic benefits will flow to the entity. This has been deemed to be on cash receipt.

| Interest income on loans to investees is recognised on an accruals basis using the effective interest rate method.

| Wight Farm Energy 1 Limited (Registered number: 11363176) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| Investments in subsidiaries

| Interests in unlisted investments are initially measured at cost and subsequently measured at fair value through profit or loss. Gains or losses resulting from the movement in fair value are recognised in the Statement of Comprehensive Income in the year in which they arise. The basis of the fair value measurements are disclosed in Note 5 of the accounts.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2023 - NIL).

4. | OPERATING LOSS

| The operating loss is stated after charging:

| 31.12.24 |  | 31.12.23

£ | £ |

| Auditors' remuneration | 16,926 |  | 14,580 |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 1 January 2024 | 21,895 |  |

| Revaluations | (474 | ) |

| At 31 December 2024 | 21,421 |  |

| NET BOOK VALUE

| At 31 December 2024 | 21,421 |  |

| At 31 December 2023 | 21,895 |  |

| Cost or valuation at 31 December 2024 is represented by:

| Other

| investments

£ |

| Valuation in 2024 | 9,807 |  |

| Cost | 11,614 |  |

21,421 |  |

| Wight Farm Energy 1 Limited (Registered number: 11363176) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

5. | FIXED ASSET INVESTMENTS - continued

| The other investment relates to a 0.1% investment in Wight Farm Energy LLP, a fellow subsidiary.

| The equity investment is carried at fair value through profit and loss.

| Fair value measurements

| FRS 102 requires disclosure of fair value measurement by level. The level of fair value hierarchy within the financial assets or financial liabilities is determined on the basis of the lowest level input that is significant to the fair value measurement. Financial assets and financial liabilities are classified in their entirety into only one of the following three levels:

| Level 1 - |  | quoted prices (unadjusted) in active markets for identical assets or liabilities |  |

| Level 2 - |  | input other than quoted prices included in Level 1 are observable for the assets or |  |

| liabilities, either directly (i.e. as prices) or indirectly (i.e. derived from prices) |  |

| Level 3 - |  | inputs for assets or liabilities that are not based on observable market data (unobservable inputs) |  |

| The determination of what constitutes 'observable' requires judgement by the company. The company considers observable data to be market data that is readily available, regularly distributed or updated, reliable and verifiable, not proprietary, and provided by independent sources that are actively involved in the relevant market.

| The only financial instruments held at fair value are the instruments held by the company in the SPVs, which are fair valued at each reporting date. The company's investments have been classified within level 3 as the investments are not traded and contain unobservable inputs. Due to the nature of the investments, they are always expected to be classified as level 3. There have been no transfers between levels during the years ended 31 December 2024 and 31 December 2023.

| In the prior year, the valuation of the unlisted investment is based on the net present value (NPV) of forecasted future equity cash flows, applying a discounted cash flow methodology. This approach reflected management's best estimate of fair value at the time, given the availability of financial projections and other relevant data.

| In the current year, the valuation has been based on recent market data, being the transaction price of which this company was party to which took place on 25 July 2024.

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

| 31.12.24 |  | 31.12.23

£ | £ |

| Amounts owed by group undertakings | 1,750 |  | - |  |

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

| 31.12.24 |  | 31.12.23

£ | £ |

| Amounts owed to group undertakings | 43,520 |  | 23,264 |  |

| Accruals and deferred income | 11,250 |  | 14,580 |  |

54,770 |  | 37,844 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.24 |  | 31.12.23

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

| Wight Farm Energy 1 Limited (Registered number: 11363176) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

9. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 January 2024 | (26,330 | ) | 10,281 |  | (16,049 | ) |

| Deficit for the year | (15,650 | ) | - |  | (15,650 | ) |

| Transfer | 474 |  | (474 | ) | - |  |

| At 31 December 2024 | (41,506 | ) | 9,807 |  | (31,699 | ) |

10. | RELATED PARTY DISCLOSURES

| The company owns a 0.1% investment in Wight Farm Energy LLP. The Company's fellow subsidiary, Wight Farm Energy 2 Limited, owns the remaining 99.9% investment in Wight Farm Energy LLP. Both shareholding companies are wholly owned subsidiaries of AD Aggregator Platform Limited.

| The company owes £11,614 (2023: £11,614) to a fellow subsidiary, Wight Farm Energy 2 Ltd. This balance is an unsecured, interest-free intercompany loan which is repayable on demand.

| The company owes £31,906 (2023: £11,650) to AD Aggregator Platform Limited. This balance is an unsecured, interest-free intercompany loan which is repayable on demand.

| An amount is also payable from its subsidiary Wight Farm Energy LLP in respect of undistributed profits totalling £1,750 (2023: £Nil)

11. | ULTIMATE CONTROLLING PARTY

| The immediate parent company is AD Aggregator Platform Limited.

| During the year ended 31 December 2023 the ultimate parent company was AD Aggregator Platform Limited, a company incorporated in England and Wales. During this time, the ultimate controlling party was the Natwest Pension fund.

| On 25 July 2024, the ultimate controlling parent company became BioticNRG 1 LP, based in Guernsey. BioticNRG 1 LP is also considered the ultimate controlling party.

| The smallest and largest group of undertakings for which group accounts have been drawn up is that headed by BioticNRG Limited.