REGISTERED NUMBER: SC470082 (Scotland)

RENEWABLE KINETICS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2026

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

J Henderson

SECRETARY:

L W Henderson

REGISTERED OFFICE:

The Dykes

Sandylock Drive

Upper Sound

Lerwick

Shetland

ZE1 0SR

REGISTERED NUMBER:

SC470082 (Scotland)

ACCOUNTANTS:

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

The following reproduces the text of the report prepared for the director 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 Director 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 Renewable Kinetics Ltd for the year ended 28th February 2026 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Renewable Kinetics Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Renewable Kinetics Ltd and state those matters that we have agreed to state to the director of Renewable Kinetics Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Renewable Kinetics Ltd 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 profit of Renewable Kinetics Ltd. You consider that Renewable Kinetics Ltd 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 Renewable Kinetics Ltd. 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.

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

16th June 2026

FIXED ASSETS

Tangible assets

4

585,355

524,132

Investments

5

8,000

8,000

593,355

532,132

CURRENT ASSETS

Debtors

6

135,720

69,984

Cash at bank

109,682

294,519

245,402

364,503

CREDITORS

Amounts falling due within one year

7

8,642

72,966

NET CURRENT ASSETS

236,760

291,537

TOTAL ASSETS LESS CURRENT LIABILITIES

830,115

823,669

CREDITORS

Amounts falling due after more than one year

8

-

(48,610

)

PROVISIONS FOR LIABILITIES

(138,158

)

(120,805

)

NET ASSETS

691,957

654,254

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

691,857

654,154

SHAREHOLDERS' FUNDS

691,957

654,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2026 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 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 director and authorised for issue on 16th June 2026 and were signed by:

J Henderson - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Going concern

The financial statements have been prepared on the going concern basis. The directors believe that the company has adequate resources and support to continue to operate for the foreseeable future

Turnover

The turnover shown in the profit and loss account represents the sales value of work done during the year in relation to the rental of floating pontoon systems and the sale of second hand goods, exclusive of Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant & machinery

- 3% straight line

Computer equipment

- 20% straight line

Marine Vessels are included at fair value. Gains are recognised in the income statement. Deferred tax is provided on these gains at the rate at the balance sheet date.

Freehold property is included at fair value. Gains are recognised in the income statement. Deferred tax is provided on these gains at the rate at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Marine

Computer

property

machinery

Vessels

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1st March 2025

15,000

111,550

400,000

500

527,050

Additions

-

-

52,613

-

52,613

Revaluations

-

-

7,837

-

7,837

Reclassification/transfer

-

(9,550

)

9,550

-

-

At 28th February 2026

15,000

102,000

470,000

500

587,500

DEPRECIATION

At 1st March 2025

-

2,418

-

500

2,918

Charge for year

-

(773

)

-

-

(773

)

At 28th February 2026

-

1,645

-

500

2,145

NET BOOK VALUE

At 28th February 2026

15,000

100,355

470,000

-

585,355

At 28th February 2025

15,000

109,132

400,000

-

524,132

Cost or valuation at 28th February 2026 is represented by:

Freehold

Plant and

Marine

Computer

property

machinery

Vessels

equipment

Totals

£

£

£

£

£

Valuation in 2026

15,000

-

470,000

-

485,000

Cost

-

102,000

-

500

102,500

15,000

102,000

470,000

500

587,500

If Marine Vessels had not been revalued they would have been included at the following historical cost:

28.2.26

28.2.25

£

£

Cost

266,056

203,893

Marine Vessels were valued on an open market basis on 28th February 2026 by John Henderson .

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST OR VALUATION

At 1st March 2025

and 28th February 2026

8,000

NET BOOK VALUE

At 28th February 2026

8,000

At 28th February 2025

8,000

Cost or valuation at 28th February 2026 is represented by:

Unlisted

investments

£

Valuation in 2026

8,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade debtors

135,720

69,984

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Taxation and social security

5,681

70,197

Other creditors

2,961

2,769

8,642

72,966

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Other creditors

-

48,610

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.26

28.2.25

value:

£

£

100

Ordinary

£1

100

100

10.	ULTIMATE CONTROLLING PARTY

The company was under the control of J Henderson throughout the current and previous year.