Tradama Energy Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

Tradama Energy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15275735 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, exclusive of discounts and value added taxes. It includes revenue earned from the rendering of services, including those provided under consultancy contracts. Turnover is reduced for estimated customer rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% Reducing balance

2.4. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and 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.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income 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 profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.

...CONTINUED

Page 2

Page 3

Tradama Energy Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Employee Benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock of fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

2.8. Judgements and key sources of estimation uncertainty

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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The only accounting estimate is the depreciation policy for tangible fixed assets.

2.9. Derivatives Held for Speculative Purposes

The Company enters into derivative financial instruments which are not designated as hedging instruments and are held for speculative purposes. These derivatives are used to take positions with the aim of benefiting from short-term market movements in commodities.

Derivative financial instruments are recognised as financial assets when the Company becomes a party to the contractual provisions of the instrument. At initial recognition, derivatives are measured at fair value, with transaction costs recognised immediately in profit or loss.

Subsequent to initial recognition, all derivative financial instruments held for speculative purposes are measured at fair value. Changes in fair value are recognised in profit or loss in the period in which they arise. These instruments are classified as “held for trading” and are not designated as effective hedging instruments.

Fair value is determined using quoted market prices in active markets, where available.

Derivative financial instruments with a positive fair value are presented as assets. All related gains and losses are presented within “Realised gains on derivatives” in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

Page 3

Page 4

Tradama Energy Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2025	1,446
Additions	1,831

As at 31 December 2025	3,277

Depreciation
As at 1 January 2025	30
Provided during the period	640

As at 31 December 2025	670

Net Book Value
As at 31 December 2025	2,607

As at 1 January 2025	1,416

5. Debtors

	31 December 2025	31 December 2024
	£	£
Due within one year
Trade debtors	88,305	2,813
Other debtors	24,932	17,306

	113,237	20,119

6. Current Asset Investments

	31 December 2025	31 December 2024
	£	£
Short term deposits	153,957	-
Other investments, held for sale	408,386	-

	562,343	-

7. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 December 2024
	£	£
Trade creditors	135,516	215
Other loans	83,514	-
Other creditors	372,943	24,728
Taxation and social security	69,004	11,811

	660,977	36,754

Page 4

Page 5

Tradama Energy Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Loans

An analysis of the maturity of loans is given below:

	31 December 2025	31 December 2024
	£	£
Amounts falling due within one year or on demand:
Other loans	83,514	-

9. Share Capital

	31 December 2025	31 December 2024
	£	£
Allotted, Called up and fully paid	50,000	50,000

50,000 ordinary shares of £1 each

10. Related Party Disclosures

At the balance sheet date, £9,041 was due from a company in which Alberto Perez Antuna has a significant interest. The balance is included within trade receivables and is unsecured and interest free.

11. Controlling Parties

The Company’s parent undertaking was Tradama Logística Global S.L., a company incorporated in Spain, with its registered office at 1D 44 Francisco Silvela Street, 28028, Madrid. Consolidated financial statements for the group are available from the Registro Mercantil.

In December 2025, Alberto Perez Antuna acquired 100% of the issued share capital of Tradama Energy Ltd. As a result of this change in ownership, Alberto Perez Antuna became the Company’s ultimate controlling party.

12. Audit Information

The auditor's report on the accounts of Tradama Energy Ltd for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by David Evans BA FCA (Senior Statutory Auditor) for and on behalf of Bishops Audit Limited , Statutory Auditor.

Bishops Audit Limited

1 Croft Court

Plumpton Close

Whitehills Business Park

Blackpool

FY4 5PR

Page 5

		31 December 2025		31 December 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,607		1,416

			2,607		1,416
CURRENT ASSETS
Debtors	5	113,237		20,119
Investments	6	562,343		-
Cash at bank and in hand		196,133		101,443

		871,713		121,562
Creditors: Amounts Falling Due Within One Year	7	(660,977 )		(36,754 )

NET CURRENT ASSETS (LIABILITIES)			210,736		84,808

TOTAL ASSETS LESS CURRENT LIABILITIES			213,343		86,224

NET ASSETS			213,343		86,224

CAPITAL AND RESERVES
Called up share capital	9		50,000		50,000
Profit and Loss Account			163,343		36,224

SHAREHOLDERS' FUNDS			213,343		86,224