1.
General Information
Deep Green Technologies Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
13601125
. The registered office is 69 Church Way, North Shields, NE29 0AE.
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 financial statements have been prepared on the going concern basis.
The company reported a loss for the year of £1,242,476 (2024: loss of £1,622,127) and has cumulative losses brought forward in the profit and loss reserve of £3,086,022 at 30 September 2025. Notwithstanding these losses, the company held cash balances of £4,100,698 at the balance sheet date and remains funded by its shareholders.
The directors have prepared cash flow forecasts covering a period of at least twelve months from the date of approval of these financial statements. These forecasts take into account the company's existing cash resources, committed expenditure on pre-qualifying project costs, expected revenues and the continuing financial support of the shareholders. Having reviewed these forecasts, and considered the principal risks and uncertainties facing the company, the directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future.
Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements and are not aware of any material uncertainties that may cast significant doubt on the company's ability to continue as a going concern.
2.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.4.
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:
| Plant & Machinery |
|
| Computer Equipment |
|
2.5.
Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
Deep Green Technologies Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
2.6.
Financial Instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, loans from related parties and bank balances.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. Where the arrangement constitutes a financing transaction, the financial asset or liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets are assessed for indicators of impairment at each reporting date and any impairment loss is recognised in the profit and loss account.
2.7.
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.
2.8.
Taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity, in which case the related tax is also recognised in other comprehensive income or directly in equity.
Current tax, including UK corporation tax, is provided at amounts expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future, or a right to pay less tax in the future, have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that, on the basis of all available evidence, it is regarded as probable that there will be suitable taxable profits against which the reversal of the underlying timing differences can be deducted.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of the timing differences. Deferred tax balances are not discounted.
2.9.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10.
Investments in subsidiaries, joint ventures and associates
Investments in subsidiary undertakings, joint ventures and associates are stated at cost less any provision for impairment. Where there is objective evidence of impairment, the carrying amount is reduced to the recoverable amount and the impairment loss is recognised in the profit and loss account.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 9)
4.
Tangible Assets
| Plant & Machinery | Computer Equipment | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at 1 October 2024 |
|
|
|
| Additions |
|
|
|
| Disposals |
|
( |
( |
| As at 30 September 2025 |
|
|
|
| Depreciation | |||
| As at 1 October 2024 |
|
|
|
...CONTINUED
Deep Green Technologies Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
| Provided during the period |
|
|
|
| Disposals |
|
( |
( |
| As at 30 September 2025 |
|
|
|
| Net Book Value | |||
| As at 30 September 2025 |
|
|
|
| As at 1 October 2024 |
|
|
|
5.
Investments
| Subsidiaries | Joint Ventures | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost or Valuation | |||
| As at 1 October 2024 |
|
|
|
| Additions |
|
|
|
| As at 30 September 2025 |
|
|
|
| Provision | |||
| As at 1 October 2024 |
|
|
- |
| As at 30 September 2025 |
|
|
- |
| Net Book Value | |||
| As at 30 September 2025 |
|
|
|
| As at 1 October 2024 |
|
|
|
6.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Other debtors | 1,301,386 | 408,444 | |
|
|
|
||
7.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Other creditors | 253,326 | 4,498 | |
| Taxation and social security |
|
|
|
|
|
|
||
Deep Green Technologies Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
8.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts owed to group undertakings |
|
|
|
| Other creditors | 282,629 | 282,629 | |
|
|
|
||
9.
Share Capital
Allotted, called up and fully paid (all shares £0.0000005 nominal):
|
Class
|
2025
|
2025
|
2024
|
2024
|
|
No.
|
£
|
No.
|
£
|
|
|
Series A
|
1,425,227
|
0.71
|
636,353
|
0.32
|
|
Series B
|
455,000
|
0.23
|
910,000
|
0.46
|
|
Series C
|
90,000
|
0.05
|
90,000
|
0.05
|
|
Ordinary B1
|
455,000
|
0.23
|
910,000
|
0.46
|
|
Ordinary B2
|
90,000
|
0.05
|
90,000
|
0.05
|
|
Ordinary C1 (Growth)
|
589,661
|
0.29
|
-
|
-
|
|
Deferred
|
910,000
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
0.46
|
-
|
-
|
|
Total
|
4,014,888
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
2.01
|
2,636,353
|
1.32
|
Movements in share capital during the year:
|
Class
|
1 Oct 2024
|
Allotted in year
|
Reclassified in year
|
30 Sept 2025
|
|
No.
|
No.
|
No.
|
No.
|
|
|
Series A
|
636,353
|
788,874
|
-
|
1,425,227
|
|
Series B
|
910,000
|
-
|
(455,000)
|
455,000
|
|
Series C
|
90,000
|
-
|
-
|
90,000
|
|
Ordinary B1
|
910,000
|
-
|
(455,000)
|
455,000
|
|
Ordinary B2
|
90,000
|
-
|
-
|
90,000
|
|
Ordinary C1 (Growth)
|
-
|
589,661
|
-
|
589,661
|
|
Deferred
|
-
|
-
|
910,000
|
910,000
|
|
Total
|
2,636,353
|
1,378,535
|
-
|
4,014,888
|
On 28 March 2025 the company allotted 788,874 Series A shares of £0.0000005 each, in two tranches, for aggregate cash consideration of £3,477,291, of which £0.39 was credited to share capital and £3,477,290.61 to the share premium account. On the same date the company allotted 589,661 Ordinary C1 (Growth) shares of £0.0000005 each for aggregate cash consideration of £22,708, of which £0.29 was credited to share capital and £22,707.71 to the share premium account.
On 7 April 2025 the company re-converted 455,000 Series B and 455,000 Ordinary B1 shares into 910,000 Deferred shares of £0.0000005 each. The Deferred shares carry no voting or dividend rights. The re-conversion was effected at nominal value and gave rise to no movement in share capital, share premium or reserves.
There were no share buy-backs, redemptions or cancellations in the year.
Deep Green Technologies Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
10.
Related Party Transactions
At the balance sheet date, £906,858 (2024:£Nil) was owed by the company to Deep Green JV (Urmston) Ltd, a related party under common control. The balance is unsecured, interest free and repayable on demand.
Included within creditors falling due after more than one year is a loan of £282,629 (2024: £282,629) from M Bjornsgaard, a director of the company. The loan is unsecured, interest free and has no fixed date of repayment, and is not expected to be repaid within twelve months of the balance sheet date. There were no movements on the loan during the year.
11.
Exceptional Items
|
2025
|
2024
|
||
|
£
|
£
|
||
|
Irrecoverable pre-qualifying expenditure
|
258,189
|
|
-
|
|
258,189
|
-
|
Other exceptional operating costs recognised in the profit and loss account comprise irrecoverable pre-qualifying expenditure. This expenditure relates to costs incurred in respect of a potential site that did not proceed as it failed to meet the required development criteria. Accordingly, these costs have been written off as they are considered irrecoverable and do not give rise to any future economic benefit to the company.