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REGISTERED NUMBER: 13589482 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST DECEMBER 2025 |

| FOR |

| NET ZERO PROJECTS LIMITED |

NET ZERO PROJECTS LIMITED (REGISTERED NUMBER: 13589482) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| NET ZERO PROJECTS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2025

| DIRECTORS: | Mr A R Coward

| Mr R J Coward

| Ms S Blake

| REGISTERED OFFICE: | Mercury House

| 19-21 Chapel Street

| Marlow

| Buckinghamshire

| SL7 3HN

| REGISTERED NUMBER: | 13589482 (England and Wales)

| ACCOUNTANTS: | Richardson Jones

| Chartered Accountants

| Mercury House

| 19-21 Chapel Street

| Marlow

| Buckinghamshire

| SL7 3HN

NET ZERO PROJECTS LIMITED (REGISTERED NUMBER: 13589482) |

BALANCE SHEET

31ST DECEMBER 2025

31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 4 | 95,654 |  | 86,907 |  |

Tangible assets | 5 | 494 |  | 787 |  |

Investments | 6 | 4,620 |  | 4,620 |  |

100,768 |  | 92,314 |  |

CURRENT ASSETS

Debtors | 7 | 3,540 |  | 13,684 |  |

Cash at bank | 23,725 |  | 135,688 |  |

27,265 |  | 149,372 |  |

CREDITORS

Amounts falling due within one year | 8 | 7,829 |  | 77,675 |  |

NET CURRENT ASSETS | 19,436 |  | 71,697 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 120,204 |  | 164,011 |  |

CREDITORS

Amounts falling due after more than one year | 9 | - |  | 105,967 |  |

NET ASSETS | 120,204 |  | 58,044 |  |

CAPITAL AND RESERVES

Called up share capital | 157 |  | 148 |  |

Share premium | 775,391 |  | 669,455 |  |

Advanced share subscriptions | 28,001 |  | - |  |

Retained earnings | (683,345 | ) | (611,559 | ) |

120,204 |  | 58,044 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

NET ZERO PROJECTS LIMITED (REGISTERED NUMBER: 13589482) |

BALANCE SHEET - continued

31ST DECEMBER 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 by the Board of Directors and authorised for issue on 8th April 2026 and were signed on its behalf by:

Mr A R Coward - Director

NET ZERO PROJECTS LIMITED (REGISTERED NUMBER: 13589482) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

1. | STATUTORY INFORMATION

| Net Zero Projects 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.

| Going concern

| The financial statements have been prepared on a going concern basis. The directors have considered the company's financial position and consider this basis to be appropriate.

| In forming this opinion, the directors have undertaken a review of the company's financial forecasts and projections and are actively engaged in securing additional investment of which there is a reasonable prospect of obtaining. Accordingly, the directors are of the view that the company will be able to meet its financial obligations as they fall due, for the foreseeable future.

| Turnover

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

| Tangible fixed assets

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

| Office equipment | - | 25% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

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

4. | INTANGIBLE FIXED ASSETS

| Intangible fixed assets is currently stated at cost and therefore does not include any uplift for the market value of the underlying Intellectual Property that is in the process of being developed. Once the assets commence generating an income stream, the directors will consider a policy of annual revaluation and amortisation in accordance with FRS 102.

NET ZERO PROJECTS LIMITED (REGISTERED NUMBER: 13589482) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

5. | TANGIBLE FIXED ASSETS

Office |

equipment |

| £

| COST

| At 1st January 2025

| and 31st December 2025 | 1,173 |  |

| DEPRECIATION

| At 1st January 2025 | 386 |  |

| Charge for year | 293 |  |

| At 31st December 2025 | 679 |  |

| NET BOOK VALUE

| At 31st December 2025 | 494 |  |

| At 31st December 2024 | 787 |  |

6. | FIXED ASSET INVESTMENTS

Shares in |

group |

undertakings |

| £

| COST

| At 1st January 2025

| and 31st December 2025 | 4,620 |  |

| NET BOOK VALUE

| At 31st December 2025 | 4,620 |  |

| At 31st December 2024 | 4,620 |  |

| The fixed asset investment represents the company's 100% interest in the ordinary share capital of Net Zero Projects ApS, a company registered in Denmark.

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

31.12.25 | 31.12.24 |

| £ | £

| Tax | 540 |  | - |  |

| VAT | 904 |  | 1,047 |  |

| Prepayments | 2,096 |  | 12,637 |  |

3,540 |  | 13,684 |  |

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

31.12.25 | 31.12.24 |

| £ | £

| Trade creditors | 2,444 |  | 17,634 |  |

| Amounts owed to associates | - |  | 52,103 |  |

| Social security and other taxes | - |  | 2,539 |  |

| Directors' current accounts | 2,104 |  | 1,579 |  |

| Accrued expenses | 3,281 |  | 3,820 |  |

7,829 |  | 77,675 |  |

NET ZERO PROJECTS LIMITED (REGISTERED NUMBER: 13589482) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

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

31.12.25 | 31.12.24 |

| £ | £

| Directors' loan accounts | - |  | 105,967 |  |

10. | RELATED PARTY DISCLOSURES

| During the period ended 31 December 2025, the company paid £16,727 for research and development services to Net Zero Projects ApS, a company registered in Denmark. The company owns 100% of the voting share capital in Net Zero Projects ApS.