REGISTERED NUMBER: 15928871 (England and Wales)

Director's Report and

Unaudited Financial Statements

for the Period 2 September 2024 to 31 December 2025

for

Quintas Power UK Holdco Limited

Page

Company Information

1

Director's Report

2

Statement of Comprehensive Income

3

Statement of Financial Position

4

Statement of Changes in Equity

5

Notes to the Financial Statements

6

DIRECTOR:

DEAGLAN O HALLMHURAIN

REGISTERED OFFICE:

168 Church Road

Hove

East Sussex

BN3 2DL

REGISTERED NUMBER:

15928871 (England and Wales)

ACCOUNTANTS:

Quintas Energy UK Ltd

168 Church Road

Hove

East Sussex

United Kingdom

BN3 2DL

The director presents his report and the financial statements of the company for the period ended 31 December 2025.

INCORPORATION

The company was incorporated on 2 September 2024 .

PRINCIPAL ACTIVITY

The principal activity of the company during the year under review was holding investments in subsidiary.

DIRECTOR

The director with served the company during the period was as follows:

Declan O'Halloran (appointed 2 September 2024)

DIRECTOR'S RESPONSIBILITIES STATEMENT

The director is responsible for preparing the director's report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial period. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

- make judgments 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 director is 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. He is 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.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

DEAGLAN O HALLMHURAIN - Director

1 June 2026

TURNOVER

-

Administrative expenses

(902

)

OPERATING LOSS

(902

)

Interest payable and similar expenses

(14

)

LOSS BEFORE TAXATION

(916

)

Tax on loss

-

LOSS FOR THE FINANCIAL PERIOD

(916

)

FIXED ASSETS

Investments

5

9,366,602

CURRENT ASSETS

Debtors: amounts falling due within one year

6

2,102,699

Cash at bank

1,039

2,103,738

CREDITORS

Amounts falling due within one year

7

(950

)

NET CURRENT ASSETS

2,102,788

TOTAL ASSETS LESS CURRENT LIABILITIES

11,469,390

CAPITAL AND RESERVES

Called up share capital

8

9

Capital contribution

600

Share premium issued

11,469,697

Retained earnings

(916

)

SHAREHOLDER FUNDS

11,469,390

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 1 June 2026 and were signed by:

DEAGLAN O HALLMHURAIN - Director

Called up

Share

share

Retained

Capital

premium

Total

capital

earnings

contribution

issued

equity

£

£

£

£

£

Changes in equity

Deficit for the period

-

(916

)

-

-

(916

)

Capital contribution

-

-

600

11,469,697

11,470,297

Total comprehensive income

-

(916

)

600

11,469,697

11,469,381

Issue of share capital

9

-

-

-

9

Balance at 31 December 2025

9

(916

)

600

11,469,697

11,469,390

1.	STATUTORY INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

The Company is exempt from the requirement to prepare consolidated financial under section 399 (2A) of the Companies Act 2006 as the group qualifies as small.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Investments in subsidiaries

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

Going concern

The financial statements have been prepared on a going concern basis.

The company is dependent on the continued financial support of its parent undertaking and fellow group undertaking. The directors have reviewed the company's forecast and cash flow requirements and have a reasonable expectation that adequate financial resources are available to enable the company to continue in operational existence for the foreseeable future.

Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

5.	FIXED ASSET INVESTMENTS

Shares subscribed and paid

Shares subscribed but unpaid

Total subscribed investment

Equity investments in subsidiary undertakings

£

£

£

Qc Aymaro Ltd

1,120,725

21,153

1,141,878

Qc Ubertino Ltd

1,493,953

515,803

2,009,756

Qc Whepstead Ltd

1,147,851

303.957

1,451,808

Qc Waldo Ltd

508,396

14,717

523,113

Qc Pacificus Ltd

1,386,202

178,808

1,565,010

Qc Morimondo Ltd

292,117

5,327

297,444

Qc Magnus Ltd

189,762

43,895

233,657

Qc Montferrat Ltd

572,778

153,905

726,682

Qc Otranto Ltd

998,705

411,338

1,410,043

Qc Canice Ltd

158,085

66,395

224,480

Qc Cronan Ltd

661,831

137,654

799,485

Qc Dervla Ltd

640,980

170,181

811,161

Qc Senan Ltd

194,616

79,567

274,183

TOTAL

9,366,002

2,102,699

11,468,701

Capital contributions to subsidiary undertakings

Capital contribution

£

Solarcore Power Ltd

600

Total recognised fixed assets investments

£

Paid-up subscribed investments

9,366,002

Capital contributions

600

Total fixed asset investments

9,366,602

During the period, the Company subscribed for shares and share premium in subsidiary undertakings amounting to £11,468,701, of which £2,102,699 remained unpaid as at 31 december 2025.

In addition, the Company made a non-repayable capital contribution of £600 to Solarcore Power Ltd without the issuance of shares or equity instruments.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

£

Amounts receivable from parent undertaking in respect of share subscriptions

2,102,699

2,102,699

The balance represents amounts due from the immediate parent undertaking, Quintas Power Limited, in respect of share subscriptions in the Company.

During the period, Quintas Power Limited subscribed for shares in the Company for an aggregate consideration of £11,469,705. Part of the subscription consideration was satisfied Through settlement of existing Intercompany balances.

At 31 December 2025, £2,102,699 remained outstanding and is included within debtors.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

£

Trade creditors

530

Intercompany payable

420

950

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

9

Ordinary

1

9

9.	CONTROLLING PARTY

The immediate parent undertaking is Quintas Power Limited, a company incorporated in Ireland.

The company is jointly controlled by Quintas Energy S.A., a company incorporated in Spain, and Mr. Patrick Hegarty through their interests in Quintas Power Limited.

Mr. Patrick Hegarty's interest is held through a combination of director holdings and holdings via entities under his control.