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Registered number: 11357961
Pyrenergy Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Elco Accounting Limited
Pyrenergy Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Pyrenergy Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 11357961

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 673,985 |  | 673,985
Investments | 6 |  | 850 |  | 850
|  |  | 674,835 |  | 674,835
CURRENT ASSETS
Debtors | 7 | 21,285 |  | 456,967 |
|  | 21,285 |  | 456,967 |
Creditors: Amounts Falling Due Within One Year | 8 | (20,100 ) |  | (15,000 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,185 |  | 441,967
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 676,020 |  | 1,116,802
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (1,518,547 ) |  | (1,338,182 )
NET LIABILITIES |  |  | (842,527 ) |  | (221,380 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1,000 |  | 1,000
Profit and Loss Account |  |  | (843,527 ) |  | (222,380 )
SHAREHOLDERS' FUNDS |  |  | (842,527) |  | (221,380)

Page 1
Page 2
Pyrenergy Ltd
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr M Fernandes Director
26/06/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Pyrenergy Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Pyrenergy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11357961 . The registered office is 24 Church Street, Rickmansworth, WD3 1DD.
The presentational currency of the financial statements is the Pound Sterling (£).
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.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. At the time of approving the financial statements the directors have 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.
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:

Freehold | Land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.4. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realised the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
...CONTINUED
Page 3
Page 4
Pyrenergy Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.4. Financial Instruments - continued
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Prior Period Adjustment
During the current financial year, it was discovered that the following loan and debtor balances were incorrectly recognised in the financial statements:
- loan balance to an associated company amounting to £2,433,924 was incorrectly recognised in the financial statements for the year ended 31st March 2024. Investigation determined that this loan advance did not exist and arose due to an administrative accounting error.
- loan balance from a subsidiary company amounting to £2,433,924 was incorrectly recognised in the financial statements for the year ended 31st March 2024. Investigation determined that this loan did not exist and arose due to an administrative accounting error.
Consequently, the prior period financial statements have been restated to correct these errors by crediting an inter-company balance of £2,433,924 and debiting the relevant error in the profit and loss and crediting the associated creditor of £2,433,924 and crediting the same profit and loss code in relation to the other adjustment.
5. Tangible Assets

| Land & Property
--- | ---
| Freehold
| £
Cost
As at 1 April 2024 | 673,985
As at 31 March 2025 | 673,985
Net Book Value
As at 31 March 2025 | 673,985
As at 1 April 2024 | 673,985

Page 4
Page 5
Pyrenergy Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
6. Investments

| Subsidiaries
--- | ---
| £
Cost or Valuation
As at 1 April 2024 | 850
As at 31 March 2025 | 850
Provision
As at 1 April 2024 | -
As at 31 March 2025 | -
Net Book Value
As at 31 March 2025 | 850
As at 1 April 2024 | 850

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 21,285 |  | 21,285
Due after more than one year
Amounts owed by group undertakings | - |  | 435,682
| 21,285 |  | 456,967

An inter-company loan to Pyrenergy EP (a subsidiary) of £549,286 has been provided for as there is little chance of recovery, due to the subsidiary being insolvent.
8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 10,000 |  | 10,000
Accruals and deferred income | 10,100 |  | 5,000
| 20,100 |  | 15,000

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 34,220 |  | 34,220
Other loans | 1,484,327 |  | 1,303,962
| 1,518,547 |  | 1,338,182

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

Page 5