ClimatePartner UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

1	General information

ClimatePartner UK Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.

2	Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The directors have considered the company’s financial position, liquidity and future performance together with financial projections for the company and over the foreseeable future and have also reviewed the availability of banking facilities. After making enquiries, the directors are satisfied that the company has sufficient resources to continue in operation for the foreseeable future, being at least 12 months from the date of signing the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the company’s financial statements.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Summary of disclosure exemptions

The company meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemptions available to it in respect of its separate financial statements. The company is consolidated in the financial statements of its ultimate parent, SustainablePartner GmbH, which may be obtained from St.-Martin-Straße 59, 81669 München, Germany. Exemptions have been taken in these separate company financial statements in relation to financial instruments, presentation of a cash flow statement, transactions with group entities and remuneration of key management personnel.

ClimatePartner UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainties

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date
and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following estimates have had the most significant effect on amounts recognised in the financial statements.

(i) Accounts receivable
A majority of the company's accounts receivable are derived from sales to a number of large organisations. In order to monitor potential credit losses, the company performs ongoing credit evaluations of the customers' financial condition. An allowance for doubtful debts is maintained for potential credit losses based upon management's assessment of the expected collectability of all accounts receivable. The allowance for doubtful accounts is reviewed periodically to assess the adequacy of the allowance. In making this assessment, management takes into consideration customer circumstances and make judgements as to the potential impact of prevailing economic conditions. The actual level of debt collected may differ from the estimated levels of recovery and could impact future operating results positively or negatively. As at 31 December 2025 the company's current trade receivables were £607k (2024: £864k) against which £14k (2024: £30k) was provided for impairment.

Revenue recognition

Revenue represents the value of services provided during the year, net of value added tax. Revenue is recognised as follows:
(i) Consulting services - recognised where the company has a contractual right to receive revenue for work undertaken.
(ii) Fees solution services - recognised over the term of the agreement of granting the software access to the customer.
(iii) Offset solution services - recognised when the company has a contractual right to receive revenue for work undertaken.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

ClimatePartner UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Property, plant and equipment

Property, plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and at bank.

Group cash pool arrangements

The company participates in a group cash pooling arrangement operated by ClimatePartner GmbH. Under the terms of the arrangement, the company’s surplus cash is automatically transferred to the pool and may be offset against overdraft positions of other group companies. Amounts receivable from the pool are presented as intercompany receivables, and amounts payable to the pool are presented as intercompany borrowings. These are measured initially at fair value (normally the transaction amount) and subsequently at amortised cost using the effective interest method. Interest income or expense is recognised in profit or loss on an accruals basis, in accordance with the terms of the pooling agreement.

Receivables

Trade and other receivables that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.

Payables

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade and other payables are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade and other payables that are payable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be paid. Those that are payable after more than one year or that constitute a financing transaction are recorded initially at transaction price and subsequently at amortised cost using the effective interest method.

ClimatePartner UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

The company contributes into defined contribution pension schemes for the benefit of its employees. The assets of the schemes are held separately from those of the company. Contributions are recognised in the income statement in the period in which they become payable.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3	Staff numbers

The average number of persons employed by the company during the year was 31 (2024 - 31).

4

Taxation

Tax charged in the income statement

	2025 £	2024 £
Current taxation
UK corporation tax	20,119	69,966

The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2024 - higher than the standard rate of corporation tax in the UK) of 25% (2024 - 25%).

The differences are reconciled below:

	2025 £	2024 £
Profit before tax	80,984	267,504
Corporation tax at standard rate	20,246	66,876
Effect of expense not deductible in determining taxable profit	(127)	3,090
Total tax charge	20,119	69,966

ClimatePartner UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)

5	Property, plant and equipment

	Furniture, fittings and equipment  £
Cost
Additions	1,715
At 31 December 2025	1,715
Depreciation
Charge for the year	86
At 31 December 2025	86
Carrying amount
At 31 December 2025	1,629
At 31 December 2024	-

6	Receivables

	2025 £	2024 £
Trade receivables	607,441	864,417
Amount owed by group undertaking (Cash pool)	50,592	605,062
Other receivables	40,265	52,500
Prepayments	8,823	3,976
	707,121	1,525,955

The amount owed by group undertaking (cash pool) relates to bank balances that are legally held in the name of the parent undertaking under a group cash pool arrangement. The balance is unsecured, payable on demand and is interest bearing.

Included in other receivables is lease deposit amount to amounting to £39,624 (2024: £Nil) which is receivable after more than one year.

7	Cash and cash equivalents

	2025 £	2024 £
Cash at bank	642,900	441,852

ClimatePartner UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)

8

Payables

	2025 £	2024 £
Due within one year
Trade payables	26,279	28,002
Amounts owed to parent undertaking	130,048	964,206
Social security and other taxes	220,854	270,133
Corporation tax	-	69,966
Outstanding defined contribution pension costs	9,725	10,621
Other payables	4,844	7,524
Accruals	279,194	48,317
Deferred income	73,861	23,058
	744,805	1,421,827