REGISTERED NUMBER: 13486912 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

FDE Solar UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

E Fochesato

D F Heath

REGISTERED OFFICE:

29 Devizes Road

Swindon

Wiltshire

SN1 4BG

REGISTERED NUMBER:

13486912 (England and Wales)

ACCOUNTANTS:

PPS Chartered Accountants

29 Devizes Road

Swindon

Wiltshire

SN1 4BG

FIXED ASSETS

Tangible assets

4

56,708

99,133

CURRENT ASSETS

Stocks

17,893

6,363

Debtors

5

121,680

279,242

Cash at bank

99,372

18,674

238,945

304,279

CREDITORS

Amounts falling due within one year

6

106,555

166,777

NET CURRENT ASSETS

132,390

137,502

TOTAL ASSETS LESS CURRENT LIABILITIES

189,098

236,635

CREDITORS

Amounts falling due after more than one year

7

(478,739

)

(501,283

)

PROVISIONS FOR LIABILITIES

(3,563

)

(5,374

)

NET LIABILITIES

(293,204

)

(270,022

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(293,205

)

(270,023

)

(293,204

)

(270,022

)

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

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

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 30 April 2026 and were signed on its behalf by:

D F Heath - Director

1.	STATUTORY INFORMATION

FDE Solar UK 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.

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.

Land and buildings

-

Over the remaining lease term

Plant and machinery etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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 difference.

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.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

125,610

81,376

206,986

Additions

-

925

925

At 31 December 2025

125,610

82,301

207,911

DEPRECIATION

At 1 January 2025

70,278

37,575

107,853

Charge for year

25,121

18,229

43,350

At 31 December 2025

95,399

55,804

151,203

NET BOOK VALUE

At 31 December 2025

30,211

26,497

56,708

At 31 December 2024

55,332

43,801

99,133

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

101,973

259,332

Other debtors

19,707

19,910

121,680

279,242

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

57,360

83,389

Taxation and social security

46,313

79,597

Other creditors

2,882

3,791

106,555

166,777

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Other creditors

478,739

501,283

8.	FINANCIAL COMMITMENTS

Total financial commitments relating to rental leases amounted to £104,271 (2024: £190,425) at 31st December 2025.

9.	RELATED PARTY DISCLOSURES

The company has received net advances of £468,958 from its parent company, FDE Solar SRL with interest being charged at 0.5% annually. The total amount outstanding to the parent company at 31st December 2025 is £532,440. (2024 - £582,242)

During the period consultancy fees of £36,000 (2024 - £51,000) were paid to D F Heath, a director.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is FDE Solar SRL.

11.	GOING CONCERN

The creditors exceed the assets of the company by £293,204. The creditors include £532,440 due to the parent company, FDE Solar SRL.The parent company will continue to support the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of FDE Solar UK Limited for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of FDE Solar UK Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of FDE Solar UK Limited and state those matters that we have agreed to state to the Board of Directors of FDE Solar UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FDE Solar UK Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that FDE Solar UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of FDE Solar UK Limited. You consider that FDE Solar UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of FDE Solar UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

PPS Chartered Accountants

29 Devizes Road

Swindon

Wiltshire

SN1 4BG

30 April 2026