NEWAFRICA BIOENERGY LIMITED


Directors	ASPREM, Mads Michael
	ERIKSSON, Bo Sören
	LOVHAUGEN, Odd Ivar


Registered Address	47 Topsfield Parade Tottenham Lane
	London
	N8 8PT


Registered Number	10890538 (England and Wales)

Balance Sheet as at
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		1,734		2,167
Investments	5		674,284		930,123
			676,018		932,290
Current assets
Debtors		167,504		(79,461)
Cash at bank and on hand		453		9
		167,957		(79,452)
Creditors amounts falling due within one year	6	(38,906)		(25,375)
Net current assets (liabilities)			129,051		(104,827)
Total assets less current liabilities			805,069		827,463
Creditors amounts falling due after one year	7		(292,462)		(297,722)
Net assets			512,607		529,741
Capital and reserves
Called up share capital			420,654		262,119
Share premium			707,935		707,935
Profit and loss account			(615,982)		(440,313)
Shareholders' funds			512,607		529,741

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 2 July 2026, and are signed on its behalf by:

ERIKSSON, Bo Sören
Director
Registered Company No. 10890538

NEWAFRICA BIOENERGY LIMITED

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the company information page. Company details: NEWAFRICA BIOENERGY LIMITED The registered office is 47 Topsfield Parade, Tottenham Lane, London, N8 8PT. Office Address: 34B York Way, London, N1 9AB, United Kingdom Email: contact@newafrica.com Website: www.newafricabioenergy.com

Statutory information

The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the company information page. 

Company details:
NEWAFRICA BIOENERGY LIMITED
The registered office is 47 Topsfield Parade, Tottenham Lane, London, N8 8PT.

Office Address: 34B York Way, London, N1 9AB, United Kingdom

Email: contact@newafrica.com

Website: www.newafricabioenergy.com

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	20

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		2

3.	Further information regarding the company's income
	NAB have made big efforts in finding and developing new projects and made full proposals for two projects of which NAB has been elected developer and for the second NAB has been shortlisted. With reference to earlier developed projects have three of them been postponed. NAB continued to work with the leading forest owners and wood processors in the countries where it operates, provide new solutions for the biomass supply chain and their energy supply. All projects will provide significant amounts of energy for rural communities.

Further information regarding the company's income

NAB have made big efforts in finding and developing new projects and made full proposals for two projects of which NAB has been elected developer and for the second NAB has been shortlisted. With reference to earlier developed projects have three of them been postponed.

NAB continued to work with the leading forest owners and wood processors in the countries where it operates, provide new solutions for the biomass supply chain and their energy supply. All projects will provide significant amounts of energy for rural communities.

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 July 24	5,254	5,254
At 30 June 25	5,254	5,254
Depreciation and impairment
At 01 July 24	3,087	3,087
Charge for year	433	433
At 30 June 25	3,520	3,520
Net book value
At 30 June 25	1,734	1,734
At 30 June 24	2,167	2,167

5.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 July 24	930,123	930,123
Disposals	(255,839)	(255,839)
At 30 June 25	674,284	674,284
Net book value
At 30 June 25	674,284	674,284
At 30 June 24	930,123	930,123

	Notes
	¹Other investments other than loans

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	4,164	4,351
Bank borrowings and overdrafts	3,423	3,473
Taxation and social security	7,829	4,744
Other creditors	2,708	3,941
Accrued liabilities and deferred income	20,782	8,866
Total	38,906	25,375


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Accounts Payable 2,185 Other Creditors 1,979 PAYE 5,863 Bank Loans and overdrafts - Current Portion 3,423 Foreign Tax Payable 1,966 Director's Loan - Short term (5,039) Accruals 20,782 Other creditors 2,708 ________ TOTAL CREDITORS WITHIN ONE YEAR £ 33,867

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Accounts Payable                                                       2,185
Other Creditors                                                           1,979
PAYE                                                                           5,863
Bank Loans and overdrafts - Current Portion             3,423
Foreign Tax Payable                                                   1,966
Director's Loan - Short term                                       (5,039)
Accruals                                                                    20,782
Other creditors                                                            2,708
                                                                              ________
TOTAL CREDITORS WITHIN ONE YEAR            £ 33,867

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	107,104	106,412
Other creditors	185,358	191,310
Total	292,462	297,722


	Long Term Bank Loan 3,454 Lux Bank Loan Account 103,650 Loan - SCAF 185,358 ________ TOTAL CREDITORS AFTER ONE YEAR £292,462