REGISTERED NUMBER: 10625896 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SUNNERG LTD

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Statement of Directors' Responsibilities

5

Report of the Independent Auditors

6

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Notes to the Financial Statements

14

DIRECTORS:

V Maraula

V Senatore

REGISTERED OFFICE:

46 Nova Road

Croydon

CR0 2TL

REGISTERED NUMBER:

10625896 (England and Wales)

AUDITORS:

Belluzzo Audit Limited

Chartered Accountants and Statutory Auditors

38 Craven Street

London

WC2N 5NG

The directors present their strategic report for the year ended 31 December 2025.

REVIEW OF BUSINESS

Sunnerg Ltd operates as part of the wider Sunnerg Group, which specialises in the development, engineering and construction of renewable energy projects, particularly solar photovoltaic installations. The company supports the delivery of solar infrastructure projects, providing services across the project lifecycle including design, procurement, construction and installation activities.

Turnover for the year ended 31 December 2025 decreased to £23,324,696 (2024: £38,045,565). The reduction reflects the timing and completion of major solar installation projects in the prior year and a lower volume of project activity during the current period.

Cost of sales also decreased to £19,040,741 (2024: £31,286,034), resulting in a gross profit of £4,283,955 (2024: £6,759,531).

Administrative expenses increased to £1,354,322 (2024: £229,222), reflecting increased operating costs associated with staffing, professional services and operational support required to deliver projects during the year.

As a result, operating profit for the year was £2,929,633 (2024: £6,530,309).

Interest receivable and similar income increased to £63,500 (2024: £12,688), while interest payable and similar expenses rose to £98,700 (2024: £13,587).

After a tax charge of £723,905 (2024: £1,635,103), the company reported a net profit of £2,170,528 (2024: £4,894,307).

Despite the reduction in turnover compared to the previous year, the company remained profitable and continues to support renewable energy infrastructure projects within the wider Sunnerg Group.

PRINCIPAL RISKS AND UNCERTAINTIES

Competitive Risk

The renewable energy sector continues to be competitive, with companies competing for project development and installation opportunities. The company seeks to maintain its competitive position through technical expertise, project delivery capability and strong client relationships.

Exchange Rate Exposure

Inter-group trading introduces currency risk, particularly with transactions denominated in USD, GBP and EUR.

Credit Risk

Credit risk is managed through regular credit reviews and active monitoring of outstanding receivables.

Liquidity Risk

Liquidity is managed at group level with ongoing monitoring of working capital and cash balances to ensure sufficient funding for operations.

Legislative Risk

The renewable energy sector is subject to evolving regulatory and legislative frameworks. The company monitors regulatory developments that may affect renewable energy projects and cross-border trading activities.

ON BEHALF OF THE BOARD:

V Senatore - Director

11 March 2026

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of other construction installations.

DIVIDENDS

Ordinary dividends were paid amounting to £4,970,070 (2024:£1,896,484). The directors do not recommend payment of a further dividend.

FUTURE DEVELOPMENTS

The company aims to expand its solar energy capacity by developing new projects in high-potential regions, integrating advanced technology, and investing in battery storage solutions to enhance grid stability and maximize energy efficiency.

Profitability in the current year has improved due to increased newly solar projects, higher demand leading to favorable power purchase agreements, and cost efficiencies achieved through technological advancements and streamlined operations.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

V Maraula

V Senatore

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

The auditors, Belluzzo Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

V Senatore - Director

11 March 2026

The directors are responsible for preparing the Strategic Report, 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.

Opinion

We have audited the financial statements of Sunnerg Ltd (the 'company') for the year ended 31 December 2025 which comprise the Income Statement, Other Comprehensive Income, 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 2025 and of its profit 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 Strategic Report, the Report of the Directors and the Statement of Directors' Responsibilities, 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 Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

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 Strategic Report or 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.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, 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.

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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in

line with our responsibilities, outlined above, to detect irregularities, including fraud. The extent to which our

procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary

responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity

and management.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including

fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence,

capabilities and skills to identify or recognize non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and

other management, and from our commercial knowledge and experience of the sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the

financial statements or the operations of the company, including Companies Act 2006, UK financial

reporting standards as issued by the Financial Reporting Council & UK tax legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making

enquiries of management; and

- identified laws and regulations were communicated within the audit team regularly and the team remained

alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their

knowledge of actual, suspected and alleged fraud;

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and

regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were

indicative of potential bias;

- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims;

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations

are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditingstandards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry ofthe directors and other management and the inspection of regulatory and legal correspondence, if any. Materialmisstatements that arise due to fraud can be harder to detect than those that arise from error as they may involvedeliberate concealment or collusion.

A further description of our responsibilities is available on the FRC's website at:

https://www.frc.org.uk/library/standards-codes-policy/audit-assurance-and-ethics/auditors-responsibilities-for-theaudit/

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.

Tony Castagnetti (Senior Statutory Auditor)

for and on behalf of Belluzzo Audit Limited

Chartered Accountants and Statutory Auditors

38 Craven Street

London

WC2N 5NG

12 March 2026

TURNOVER

3

23,324,696

38,045,565

Cost of sales

(19,040,741

)

(31,286,034

)

GROSS PROFIT

4,283,955

6,759,531

Administrative expenses

(1,354,322

)

(229,222

)

OPERATING PROFIT

5

2,929,633

6,530,309

Interest receivable and similar income

63,500

12,688

2,993,133

6,542,997

Interest payable and similar expenses

6

(98,700

)

(13,587

)

PROFIT BEFORE TAXATION

2,894,433

6,529,410

Tax on profit

7

(723,905

)

(1,635,103

)

PROFIT FOR THE FINANCIAL YEAR

2,170,528

4,894,307

PROFIT FOR THE YEAR

2,170,528

4,894,307

OTHER COMPREHENSIVE INCOME

Revaluation reserve mvmt

-

(76,168

)

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

-

(76,168

)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,170,528

4,818,139

FIXED ASSETS

Tangible assets

9

37,114

36,716

CURRENT ASSETS

Stocks

10

2,789,508

6,836,125

Debtors

11

987,421

1,788,545

Cash at bank

2,931,712

3,554,252

6,708,641

12,178,922

CREDITORS

Amounts falling due within one year

12

(4,574,727

)

(7,245,068

)

NET CURRENT ASSETS

2,133,914

4,933,854

TOTAL ASSETS LESS CURRENT LIABILITIES

2,171,028

4,970,570

CAPITAL AND RESERVES

Called up share capital

13

500

500

Retained earnings

14

2,170,528

4,970,070

SHAREHOLDERS' FUNDS

2,171,028

4,970,570

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2026 and were signed on its behalf by:

V Senatore - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

500

1,972,247

1,972,747

Prior year adjustment

-

76,168

76,168

As restated

500

2,048,415

2,048,915

Changes in equity

Dividends

-

(1,896,484

)

(1,896,484

)

Total comprehensive income

-

4,818,139

4,818,139

Balance at 31 December 2024

500

4,970,070

4,970,570

Changes in equity

Dividends

-

(4,970,070

)

(4,970,070

)

Total comprehensive income

-

2,170,528

2,170,528

Balance at 31 December 2025

500

2,170,528

2,171,028

1.	STATUTORY INFORMATION

Sunnerg LTD (company number 10625896) is a private company, limited by shares and incorporated in England and Wales.

Its registered office is 46 Nova Road, Croydon, England, CR0 2TL

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, and the Companies Act 2006.

The financial statements are presented in sterling, which is the functional currency of the company. All monetary amounts in these financial statements are rounded to the nearest pound (£).

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

•

the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

•

the requirement of paragraph 33.7.

Critical accounting judgements and key sources of estimation uncertainty

In applying the company’s accounting policies, the directors are required to make judgements, estimates, and assumptions concerning the carrying amounts of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other relevant factors; however, 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 of the revision if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildings over 50 years

Leasehold land and buildings over the lease term

Plant and machinery 18% rbm

Fixtures, fittings, tools and equipment 18% rbm

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised 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. They are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. In such cases, 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.

Other Financial Assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates, or joint ventures, are initially measured at fair value, which is normally the transaction price. These assets are subsequently carried at fair value, and changes in fair value are recognised in profit or loss. However, investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Other financial assets, including investments in equity instruments which are not subsidiaries, associates, or joint ventures, are initially measured at fair value, which is normally the transaction price. These assets are subsequently carried at fair value, and changes in fair value are recognised in profit or loss. However, investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of Financial Assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired when there is objective evidence that, as a result of one or more events occurring after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows, discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss due to an event occurring after the impairment was recognised, the impairment is reversed. The reversal ensures that the current carrying amount does not exceed what it would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of Financial Assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity. Alternatively, if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party, derecognition is also appropriate.

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 defined as any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 the 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 differences.

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.

Foreign currencies

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation during the period are included in profit or loss.

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.

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.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

23,324,696

38,045,565

23,324,696

38,045,565

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

322,007

107,226

Social security costs

30,979

29,474

Other pension costs

7,174

5,474

360,160

142,174

The average number of employees during the year was as follows:

2025

2024

Administration

8

7

2025

2024

£

£

Directors' remuneration

-

30,000

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Hire of plant and machinery

-

1,386

Other operating leases

103,775

4,203

Depreciation - owned assets

7,217

7,322

Loss on disposal of fixed assets

-

2,036

Auditors' remuneration

14,700

11,000

Foreign exchange differences

29,139

(70,727

)

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Other loan interest payable

98,700

13,587

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

Corporation tax

723,905

1,635,103

Tax on profit

723,905

1,635,103

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

2,894,433

6,529,410

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

723,608

1,632,353

Effects of:

Expenses not deductible for tax purposes

297

2,750

Total tax charge

723,905

1,635,103

Tax effects relating to effects of other comprehensive income

There were no tax effects for the year ended 31 December 2025.

2024

Gross

Tax

Net

£

£

£

Revaluation reserve mvmt

(76,168

)

-

(76,168

)

8.

DIVIDENDS

2025

2024

£

£

Ordinary shares of 5 each

Final

4,970,070

1,896,484

9.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

35,464

31,527

66,991

Additions

7,615

-

7,615

At 31 December 2025

43,079

31,527

74,606

DEPRECIATION

At 1 January 2025

24,719

5,556

30,275

Charge for year

2,542

4,675

7,217

At 31 December 2025

27,261

10,231

37,492

NET BOOK VALUE

At 31 December 2025

15,818

21,296

37,114

At 31 December 2024

10,745

25,971

36,716

10.

STOCKS

2025

2024

£

£

Stocks

2,789,508

6,836,125

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

596,102

1,362,903

Provision for Bad Debt

(180,000

)

-

Other debtors

23,197

-

Euro Bond(Warranty)

411,849

411,849

VAT

102,237

-

Prepayments

34,036

13,793

987,421

1,788,545

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,827,038

5,200,967

Amounts owed to group undertakings

7,212

-

Tax

724,472

1,633,579

Social security and other taxes

828

399,522

Other creditors

477

-

Accrued expenses

14,700

11,000

4,574,727

7,245,068