The directors present the strategic report for the year ended 30 September 2025.

The principal activity of the Company is to act as a holding company.

The Company owns an investment in Seal Sands Gas Transportation Limited, a company engaged in oil trading activities. This investment is fully provided against. At present the Company has no other trading activities.

The principal risks and uncertainties facing the Company are broadly grouped as financial risk management and geopolitical risk.

Financial Risk Management

The key financial risk that the Company is exposed to is liquidity risk. The Company has no significant direct exposure to cashflow risk, credit risk or price risk due to the nature of its operations.

The Company's liquidity risk related to its ability to repay the creditor balances including the loan to the holding company. The risk of being unable to repay the loan is low as it is supported by its parent company to provide financial assistance if required for meeting any liabilities that cannot be recovered.

The directors expect that the general level of immediate future activity to remain consistent with the current year.

Given the straightforward nature of the business, the directors are of the opinion that analysis using KPIs is not necessary for an understanding of the development, performance or position of the business.

The Directors of Teesside Gasport Limited consider that they have acted in the way they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole (having regard to the stakeholders and matters set out in s172 (1) (a-f) of the Companies Act 2006) in the decisions taken during the year ended 30 September 2025.

Our People

The Company does not directly employ any staff.

Business Relationships

We value long term relationships with our suppliers and customers and many of our relationships span years and some span decades. We employ robust "know your customer" and "know your supplier" processes across our operations, and we are typically cautious when entering into new relationships.

Community, Environment and Reputation

We believe that a positive and strong culture is the best way to ensure a high level of professional conduct when it comes to health and safety, environment, regulations or business dealings.

Capital allocation and long term decisions

At least on an annual basis the directors review the financial budgets, resource plans and investment decisions. In making decisions concerning the business plan and future strategy, the directors have regard to a variety of matters including the interests of stakeholders, long term consequences of our capital allocation (such expenditure needed to ensure our long term viability whilst maintaining adequate liquidity), and reputation.

Decisions on the level of dividend take into account the general profitability, liquidity and funding needs of the Company.

On behalf of the board

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Teesside Gasport Limited is a private company limited by shares incorporated in England and Wales. The registered office is 14 St George Street, London, UK, W1S 1FE. The Company's principal activities and nature of its operations are disclosed in the directors' report.

Refer to Note 15 for the names of the ultimate holding and controlling parties.

Teesside Gasport Limited does not present consolidated financial statements for the Company and its subsidiary, as it takes advantage of the exemption in section 400 of the Companies Act 2006 to not prepare group accounts.

The financial statements have been prepared in accordance with Financial Reporting Standard 101 Reduced Disclosure Framework (FRS 101) and in accordance with applicable accounting standards.

The financial statements are prepared in USD, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest USD.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

As permitted by FRS 101, the Company has taken advantage of the following disclosure exemptions from the requirements of IFRS:

• IFRS 7, 'Financial instruments: Disclosures'

• IFRS 13, 'Fair value measurement': paragraphs 91 to 99

• IAS 1, 'Presentation of Financial Statements': paragraph 38; 10(d); 16; 38A; 38B-D; 111; and 134-136

• IAS 7, 'Statement of Cash flows'

• IAS 8, 'Accounting policies, changes in accounting estimates and errors': paragraph 30 and 31

• IAS 24, 'Related Party disclosures': paragraphs 17 and 18A

• The requirements in IAS 24, 'Related Party disclosures' to disclose related party transactions entered into between two or more members of a group.

Where required, equivalent disclosures are given in the group accounts of Trafigura Group Pte. Ltd.. The group accounts of Trafigura Group Pte. Ltd. are available to the public and can be obtained as set out in note 12.

Trafigura Pte. Ltd. has provided a letter of financial support to Teesside Gasport Limited to fund its operations for at least the next 12 months from the date the financial statements are approved. trueThe directors have at the time of approving the financial statements, a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial liabilities are classified as measured at fair value through profit or loss when the financial liability is held for trading. A financial liability is classified as held for trading if:

• it has been incurred principally for the purpose of selling or repurchasing it in the near term, or

• on initial recognition it is part of a portfolio of identified financial instruments that the Company manages together and has a recent actual pattern of short-term profit taking, or

• it is a derivative that is not a financial guarantee contract or a designated and effective hedging instrument.

Financial liabilities at fair value through profit or loss are stated at fair value with any gains or losses arising on remeasurement recognised in profit or loss.

Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The Company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit, and is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the Company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Transactions in currencies other than USD are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Investment in subsidiary

A subsidiary company is an investee that is controlled by the Company. The Company controls an investee when it is exposed or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee.

Investments in subsidiaries are stated at cost less accumulated impairment losses. On disposal of investments in subsidiaries, the difference between net disposal proceeds and the carrying amount of the investment are recognised in profit and loss.

Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated so that the carrying amount of the investment is the lower of its cost or recoverable amount. The recoverable amount is the higher of the asset's fair value less cost to sell and its value in use.

Loans and borrowings

Loans from fellow group companies are repayable on demand, and are initially recognised at fair value and are subsequently carried at amortised cost, using the effective interest rate method.

In the application of the Company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

The Company has recorded, in the prior years, an impairment of $5,787,202 on its investment in Seal Sands Gas Transportation Limited, due to the cessation of the operations of this project, and the significant uncertainty of commercial opportunity to support the restart of the project.

The average monthly number of persons (including directors) employed by the Company during the year was:

As noted elsewhere in these accounts, the Company has fully provided against its investment in this entity.

The below entity is the sole subsidiary of the Company.

The group balances are short term, unsecured, non-interest bearing and repayable upon demand.

Trafigura Group PTE Ltd, the intermediate parent company, continues to prepare the consolidated accounts and they may be obtained from their registered offices.

Trafigura Group PTE Ltd,

10 Collyer Quay

#29-01/05 Ocean Financial Centre

Singapore

049315

The Company’s ultimate parent company is Trafigura Control Holdings Pte. Ltd., a company incorporated in Singapore.

Farringford Foundation, which is established under the laws of Panama, has decisive voting power over Trafigura Control Holdings Pte. Ltd. without having any exposure, or rights, to variable returns from its involvement with Trafigura Control Holdings Pte. Ltd.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the Company's affairs as at 30 September 2025 and of its loss for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.