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Registered number: 13863852
The Structural Battery Company Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2026
Michael Price Associates Limited
The Structural Battery Company Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
The Structural Battery Company Ltd
Balance Sheet
As At 31 January 2026
Balance Sheet
Registered number: 13863852

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 31,544 |  | 23,777
Tangible Assets | 5 |  | 22,889 |  | 28,001
|  |  | 54,433 |  | 51,778
CURRENT ASSETS
Debtors | 6 | 25,567 |  | 26,205 |
Cash at bank and in hand |  | 124,687 |  | 72,603 |
|  | 150,254 |  | 98,808 |
Creditors: Amounts Falling Due Within One Year | 7 | (166,905 ) |  | (69,143 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (16,651 ) |  | 29,665
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 37,782 |  | 81,443
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (7,000 ) |  | -
NET ASSETS |  |  | 30,782 |  | 81,443
CAPITAL AND RESERVES
Called up share capital | 8 |  | 130 |  | 127
Share premium account |  |  | 628,741 |  | 535,629
Other reserves |  |  | 114,066 |  | 97,014
Profit and Loss Account |  |  | (712,155 ) |  | (551,327 )
SHAREHOLDERS' FUNDS |  |  | 30,782 |  | 81,443

Page 1
Page 2
The Structural Battery Company Ltd
Balance Sheet (continued)
As At 31 January 2026
For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

J W Moffat Director
09/04/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
The Structural Battery Company Ltd
Notes to the Financial Statements
For The Year Ended 31 January 2026
Notes to the Financial Statements
1. General Information
The Structural Battery Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13863852 . The registered office is 2 Medway Court Cranfield Technology Park, Cranfield, Bedford, MK43 0FQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Patents and licences are being amortised evenly over their estimated useful life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 7 and 10 years straight line

2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
The Structural Battery Company Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
During the year, the Company received a grant from the European Space Agency amounting to £152,305. Of this amount, £61,914 has been recognised in the profit and loss account, with £90,391 deferred at the year end and to be recognised in future periods in line with the related expenditure.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2025: 4)
3 4
Page 4
Page 5
The Structural Battery Company Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 February 2025 | 26,419
Additions | 9,101
As at 31 January 2026 | 35,520
Amortisation
As at 1 February 2025 | 2,642
Provided during the period | 1,334
As at 31 January 2026 | 3,976
Net Book Value
As at 31 January 2026 | 31,544
As at 1 February 2025 | 23,777

5. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 February 2025 | 45,861
Additions | 2,369
As at 31 January 2026 | 48,230
Depreciation
As at 1 February 2025 | 17,860
Provided during the period | 7,481
As at 31 January 2026 | 25,341
Net Book Value
As at 31 January 2026 | 22,889
As at 1 February 2025 | 28,001

6. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 8,229 |  | 19,704
Other debtors | 8,733 |  | -
VAT | 8,605 |  | 6,501
| 25,567 |  | 26,205

Page 5
Page 6
The Structural Battery Company Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
7. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 7,574 |  | 477
Other taxes and social security | 1,034 |  | 1,022
Other creditors | 318 |  | 200
Accruals and deferred income | 95,979 |  | 5,444
Directors' loan accounts | 62,000 |  | 62,000
| 166,905 |  | 69,143

8. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 130 |  | 127

9. Share-based payment transactions
Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
The total expense recognised in the financial year was £17,052.
Page 6