Rethink Carbon Limited

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

Registered number: SC720495

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets			319,970		243,685
Tangible Assets			7,210		2,644

			327,180		246,329
CURRENT ASSETS
Debtors		513		23,672
Cash at bank and in hand		67,860		26,021

		68,373		49,693
Creditors: Amounts Falling Due Within One Year		(76,830 )		(35,275 )

NET CURRENT ASSETS (LIABILITIES)			(8,457 )		14,418

TOTAL ASSETS LESS CURRENT LIABILITIES			318,723		260,747

Creditors: Amounts Falling Due After More Than One Year			(259,209 )		(284,667 )

NET ASSETS/(LIABILITIES)			59,514		(23,920 )

CAPITAL AND RESERVES
Called up share capital	4		1		1
Profit and Loss Account			59,513		(23,921 )

SHAREHOLDERS' FUNDS			59,514		(23,920)

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Page 2

Rethink Carbon Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 Mark Caulfield

Director

10/07/2026

The notes on page 3 form part of these financial statements.

1. General Information

Rethink Carbon Limited is a private company, limited by shares, incorporated in Scotland, registered number SC720495 . The registered office is 12 Dalfaber Park, Aviemore, PH22 1QF.

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. 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.

2.3. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to the profit and loss account on a straight line basis over their expected useful economic life of 5 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

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	25% Reducing balance
Computer Equipment	25% Reducing balance

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2025: 4)

4. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

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