INNOVATIUM GROUP LIMITED


Directors	ALFORD, Adrian Graham, Dr
	BRANCH, Simon Robert
	CONTALDI, Giuilio, Dr
	JACK, Brian William
	MATHIESON, Derek
	NOBLE, Steve


Registered Address	9 George Square
	Glasgow
	G2 1DY


Registered Number	SC689285 (Scotland)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		1,887,723		1,225,263
Tangible assets	4		101,302		88,962
Investments	5		60		60
			1,989,085		1,314,285
Current assets
Stocks	6	12,956		39,303
Debtors	7,8	247,959		159,640
Cash at bank and on hand		1,496,035		291,488
		1,756,950		490,431
Creditors amounts falling due within one year	9	(157,573)		(140,103)
Net current assets (liabilities)			1,599,377		350,328
Total assets less current liabilities			3,588,462		1,664,613
Creditors amounts falling due after one year	10		-		(22,601)
Net assets			3,588,462		1,642,012
Capital and reserves
Called up share capital			2,325		1,721
Share premium			4,911,004		2,155,689
Profit and loss account			(1,324,867)		(515,398)
Shareholders' funds			3,588,462		1,642,012

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

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

JACK, Brian William
Director
Registered Company No. SC689285

INNOVATIUM GROUP LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	The company made a loss of £809,469 (YE24 - £287,723 loss) for the period and has net assets of £3,588,462 (YE24 - £1,642,010) as at the period end. In making their going concern assessment, the Directors have considered budgets, forecasts and expected investor support for the business and believe that the company can continue trading for a period of at least 12 months from the date of signing these financial statements on the basis that further planned investment is secured and therefore the financial statements have been prepared on a going concern basis.

Going concern

The company made a loss of £809,469 (YE24 - £287,723 loss) for the period and has net assets of £3,588,462 (YE24 - £1,642,010) as at the period end. In making their going concern assessment, the Directors have considered budgets, forecasts and expected investor support for the business and believe that the company can continue trading for a period of at least 12 months from the date of signing these financial statements on the basis that further planned investment is secured and therefore the financial statements have been prepared on a going concern basis.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Fixtures and fittings	4
	Office Equipment	4

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	12		10

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 25	1,225,263	1,225,263
Additions	662,460	662,460
At 31 December 25	1,887,723	1,887,723
Net book value
At 31 December 25	1,887,723	1,887,723
At 31 December 24	1,225,263	1,225,263

4.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 January 25	89,734	23,702	113,436
Additions	37,663	274	37,937
At 31 December 25	127,397	23,976	151,373
Depreciation and impairment
At 01 January 25	15,618	8,856	24,474
Charge for year	25,597	-	25,597
At 31 December 25	41,215	8,856	50,071
Net book value
At 31 December 25	86,182	15,120	101,302
At 31 December 24	74,116	14,846	88,962

5.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 January 25	60	60
At 31 December 25	60	60
Net book value
At 31 December 25	60	60
At 31 December 24	60	60

	Notes
	¹Investments in group undertakings and participating interests

6.	Stocks

	2025	2024
	£	£
Raw materials and consumables	12,956	39,303
Total	12,956	39,303

7.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	206	-
Amounts owed by group undertakings	132,239	106,852
Other debtors	76,865	35,665
Prepayments and accrued income	38,649	17,123
Total	247,959	159,640

8.	Debtors: amounts due after one year

9.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	82,997	71,517
Bank borrowings and overdrafts	22,601	23,300
Taxation and social security	22,769	23,775
Other creditors	7,429	912
Accrued liabilities and deferred income	21,777	20,599
Total	157,573	140,103

10.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	22,601
Total	-	22,601

11.	Related party transactions
	The company was under the control of Dr Adrian Alford, Mr Simon Branch and Mr Brian Jack throughout the current period. During the period the company made transactions with wholly owned subsidiary company Innovatium Services Ltd. At the period end, Innovatium Group Limited was due to received £57,935 (Dec 24 - £44,005) from Innovatium Services Ltd. There is no set repayment terms of interest accruing on this balance. During the period the company made transactions with wholly owned subsidiary company Prisma Energy Storage td. At the period end, Innovatium Group Limited was due to receive £74,304 (Dec 24 - £82,847) from Prisma Energy Storage Ltd. There is no set repayment terms of interest accruing on this balance.

11.

Related party transactions

The company was under the control of Dr Adrian Alford, Mr Simon Branch and Mr Brian Jack throughout the current period.

During the period the company made transactions with wholly owned subsidiary company Innovatium Services Ltd. At the period end, Innovatium Group Limited was due to received £57,935 (Dec 24 - £44,005) from Innovatium Services Ltd. There is no set repayment terms of interest accruing on this balance.

During the period the company made transactions with wholly owned subsidiary company Prisma Energy Storage td. At the period end, Innovatium Group Limited was due to receive £74,304 (Dec 24 - £82,847) from Prisma Energy Storage Ltd. There is no set repayment terms of interest accruing on this balance.