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TERRAVESTA LIMITED

Registered Number
07793758
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2025

TERRAVESTA LIMITED
Company Information
for the year from 1 January 2025 to 31 December 2025

Directors | Mr M H Bichan
| Mr W Cracroft-Eley

Registered Address | 12 Tentercroft Street
| Lincoln
| LN5 7DB

Place of Business | Unit 4
| Riverside Enterprise Park
| Saxilby
| Lincoln
| LN1 5AB

Registered Number | 07793758 (England and Wales)

TERRAVESTA LIMITED
Balance Sheet as at
31 December 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Investments | 3 |  |  | 400 |  |  |  | 500
|  |  |  | 400 |  |  |  | 500
Current assets |  |  |  |  |  |  |  |
Debtors | 4 | - |  |  |  | 404,405 |  |
|  | - |  |  |  | 404,405 |  |
Creditors amounts falling due within one year | 5 | (400) |  |  |  | (300,000) |  |
Net current assets (liabilities) |  |  |  | (400) |  |  |  | 104,405
Total assets less current liabilities |  |  |  | - |  |  |  | 104,905
Net assets |  |  |  | - |  |  |  | 104,905
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 105,005 |  |  |  | 105,005
Profit and loss account |  |  |  | (105,005) |  |  |  | (100)
Shareholders' funds |  |  |  | - |  |  |  | 104,905

- 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 20 May 2026, and are signed on its behalf by:
Mr W Cracroft-Eley Director Registered Company No. 07793758

TERRAVESTA 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 England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

| 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

| 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.

| Borrowing costs
--- | ---
| Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

| 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.

| 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:

| Investments
--- | ---
| Business combinations Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably. Investments Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable

| Trade and other debtors
--- | ---
| Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

| Cash and cash equivalents
--- | ---
| Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

| Trade and other creditors
--- | ---
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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 creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

| 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.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 1 |  | 1

3. | Fixed asset investments
--- | ---
| Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows: Terravesta Management Limited - 100% voting rights and shares held in both 2025 and 2024, principal activity is the management of central costs. Terravesta Assured Energy Crops Limited - 100% voting rights and shares held in both 2025 and 2024, principal activity is the sale of bio fuel. Terravesta Products Limited - 100% voting rights and shares held in both 2025 and 2024, principal activity is the sale of bio fuel. This investment has been impaired in full. Terravesta Energy Limited - 100% voting rights and shares held in both 2025 and 2024, principal activity is the sale of bio fuel. Terravesta Farms Limited - 100% voting rights and shares held in both 2025 and 2024, principal activity is the planting of miscanthus for bio fuel. The registered office for all of the above subsidiaries is 12 Tentercroft Street, Lincoln LN5 7DB.

|  | Investments in groups1 |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 January 25 | 500 |  | 500
| Revaluations | (100) |  | (100)
| At 31 December 25 | 400 |  | 400
| Net book value
| At 31 December 25 | 400 |  | 400
| At 31 December 24 | 500 |  | 500

| Notes
--- | ---
| 1Investments in group undertakings and participating interests

4. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Amounts owed by group undertakings | - |  | 391,640
| Other debtors | - |  | 12,765
| Total | - |  | 404,405

5. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Amounts owed to related parties | 400 |  | -
| Other creditors | - |  | 300,000
| Total | 400 |  | 300,000

6. | Parent-subsidiary relationships
--- | ---
| The company's immediate parent is Terravesta Holdings Limited, incorporated in England.

7. | Further information regarding the company's financial position
--- | ---
| Going Concern Management have concluded that material uncertainties exist in regard to the going concern of the group controlling this company. The material uncertainty has a direct effect on the going concern of the individual companies of the group and the ability to continue trading. In previous years the group and its subsidiaries have relied on working capital and cash funding from third party funders and direct shareholder or director loans. The material uncertainty has arisen over whether this method of funding will continue into the future. The future of this group and subsidiaries is heavily reliant on the continued support of its third party funders and directors or shareholders funds.