IRIS Accounts Production v26.1.10.61 12140364 Board of Directors 1.1.25 31.12.25 31.12.25 0 0 false true true false false true true true true true true true false false 0 0 Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 12140364 2024-12-31 12140364 2025-12-31 12140364 2025-01-01 2025-12-31 12140364 2023-12-31 12140364 2024-01-01 2024-12-31 12140364 2024-12-31 12140364 ns15:EnglandWales 2025-01-01 2025-12-31 12140364 ns14:PoundSterling 2025-01-01 2025-12-31 12140364 ns10:Director1 2025-01-01 2025-12-31 12140364 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 12140364 ns10:FRS101 2025-01-01 2025-12-31 12140364 ns10:Audited 2025-01-01 2025-12-31 12140364 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 12140364 ns10:FullAccounts 2025-01-01 2025-12-31 12140364 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 12140364 ns10:Director3 2025-01-01 2025-12-31 12140364 ns10:Director4 2025-01-01 2025-12-31 12140364 ns10:Director5 2025-01-01 2025-12-31 12140364 ns10:Director6 2025-01-01 2025-12-31 12140364 ns10:RegisteredOffice 2025-01-01 2025-12-31 12140364 ns10:Director2 2025-01-01 2025-12-31 12140364 ns5:CurrentFinancialInstruments 2025-12-31 12140364 ns5:CurrentFinancialInstruments 2024-12-31 12140364 ns5:Non-currentFinancialInstruments 2025-12-31 12140364 ns5:Non-currentFinancialInstruments 2024-12-31 12140364 ns5:ShareCapital 2025-12-31 12140364 ns5:ShareCapital 2024-12-31 12140364 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 12140364 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 12140364 ns5:ShareCapital 2023-12-31 12140364 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 12140364 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 12140364 ns5:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 12140364 1 2025-01-01 2025-12-31 12140364 2 2025-01-01 2025-12-31 12140364 3 2025-01-01 2025-12-31 12140364 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-12-31 12140364 ns5:LeaseholdImprovements 2024-12-31 12140364 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-01-01 2025-12-31 12140364 ns5:LeaseholdImprovements 2025-01-01 2025-12-31 12140364 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-12-31 12140364 ns5:LeaseholdImprovements 2025-12-31 12140364 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-12-31 12140364 ns5:LeaseholdImprovements 2024-12-31 12140364 ns5:CurrentFinancialInstruments 2025-01-01 2025-12-31 12140364 ns5:DeferredTaxation 2024-12-31 12140364 ns5:DeferredTaxation 2025-12-31 12140364 ns10:OrdinaryShareClass1 2025-12-31

REGISTERED NUMBER: 12140364 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2025

FOR

JBM SOLAR PROJECTS 13 LIMITED

JBM SOLAR PROJECTS 13 LIMITED (REGISTERED NUMBER: 12140364) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Company Information | 1 |

| Report of the Directors | 2 |

| Report of the Independent Auditors | 4 |

| Statement of Comprehensive Income | 7 |

| Statement of Financial Position | 8 |

| Statement of Changes in Equity | 9 |

| Notes to the Financial Statements | 10 |

| JBM SOLAR PROJECTS 13 LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | A I Murkin

| A Swarbrick

| I Andronikidis

| N Janecke

| V Allen

| REGISTERED OFFICE: | Windmill Hill Business Park

| Whitehill Way

| Swindon

| Wiltshire

| SN5 6PB

| REGISTERED NUMBER: | 12140364 (England and Wales)

| AUDITORS: | Melinek Fine LLP

| Chartered Accountants

| Statutory Auditors

| First Floor, Winston House

| 349 Regents Park Road

| London

| N3 1DH

JBM SOLAR PROJECTS 13 LIMITED (REGISTERED NUMBER: 12140364) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the development of electricity generating assets.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

A I Murkin

A Swarbrick

Other changes in directors holding office are as follows:

C O Hennessy - resigned 5 October 2025

I Andronikidis - appointed 25 April 2025

N Janecke and V Allen were appointed as directors after 31 December 2025 but prior to the date of this report.

QUALIFYING THIRD PARTY INDEMNITY PROVISIONS

The company has made qualifying third party indemnity provisions for the benefit of its directors during the year.

These are indirect provision by the group for directors.

These provisions remain in force at the date of approval of the financial statements.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 101 “Reduced Disclosure Framework”, and applicable law). Under company law, directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements, the directors are required to:

· select suitable accounting policies and then apply them consistently;

· state whether applicable United Kingdom Accounting Standards, comprising FRS 101 have been followed, subject to any material departures disclosed and explained in the financial statements;

· make judgements and accounting estimates that are reasonable and prudent; and

· prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are also responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006.They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

JBM SOLAR PROJECTS 13 LIMITED (REGISTERED NUMBER: 12140364) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2025

AUDITORS

The auditors, Melinek Fine LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A I Murkin - Director

29 June 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

JBM SOLAR PROJECTS 13 LIMITED

Opinion

We have audited the financial statements of JBM Solar Projects 13 Limited (the 'company') for the year ended 31 December 2025 which comprise the Profit and Loss Account, Statement of Financial Position, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 'Reduced Disclosure Framework' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its loss for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

However, because not all future events or conditions can be predicted, this conclusion is not a guarantee as to the company's ability to continue as a going concern.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Report of the Directors has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

JBM SOLAR PROJECTS 13 LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit; or

- | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our: general commercial and sector experience; through verbal and written communications with those charged with governance and other management; and via inspection of the company's regulatory and legal correspondence.

We discussed with those charged with governance and other management the policies and procedures regarding compliance with laws and regulations.

We communicated identified laws and regulations to our team and remained alert to any indicators of non-compliance throughout the audit, we also specifically considered where and how fraud may occur within the company.

The potential effect of these laws and regulations on the financial statements varies considerably.

Firstly, the company is subject to laws and regulations that directly affect the financial statements, including: the company's constitution, relevant financial reporting standards; company law; tax legislation and distributable profits legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Secondly, the company is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on the amounts or disclosures in the financial statements, for instance through the imposition of fines and penalties, or through losses arising from litigation. We identified the following areas as those most likely to have such an affect: employment legislation; health and safety legislation; trade legislation; data protection legislation; anti-bribery and corruption legislation.

International Standards on Auditing (UK) limit the required procedures to identify non-compliance with these laws and regulations to the procedures, and no procedures over and above those already noted are required. These limited procedures did not identify any actual or suspected non-compliance with laws and regulations that could have a material impact on the financial statements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

JBM SOLAR PROJECTS 13 LIMITED

In relation to fraud, we performed the following specific procedures in addition to those already noted:

- Challenging assumptions made by management in its significant accounting estimates.

- Identifying and testing journal entries during the period and post balance sheet date, in particular any entries posted with unusual nominal ledger account combinations, journal entries crediting cash or any revenue account, journal entries posted by senior management.

- Performing analytical procedures to identify unexpected movements in account balances which may be indicative of fraud;

- Ensuring that testing undertaken on both the performance statements and the Balance Sheet includes a number of items selected on a random basis.

These procedures did not identify any actual or suspected fraudulent irregularity that could have a material impact on the financial statements.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with International Auditing Standards (UK). For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the procedures that we are required to undertake would identify it. In addition, as with any audit, there remains a high risk of non-detection of irregularities, as these might involve collusion, forgery, intentional omissions, misrepresentation, or the override of internal controls. We are not responsible for preventing non-compliance with laws and regulations or fraud, and cannot be expected to detect non-compliance with all laws and regulations or every incidence of fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Aryeh Melinek (Senior Statutory Auditor)

for and on behalf of Melinek Fine LLP

Chartered Accountants

Statutory Auditors

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

15 July 2026

JBM SOLAR PROJECTS 13 LIMITED (REGISTERED NUMBER: 12140364) |

STATEMENT OF COMPREHENSIVE

INCOME

FOR THE YEAR ENDED 31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | - |  | - |  |

Administrative expenses | 243,440 |  | 3,193 |  |

(243,440 | ) | (3,193 | ) |

Interest receivable and similar income | 66 |  | 186 |  |

LOSS BEFORE TAXATION | 4 | (243,374 | ) | (3,007 | ) |

Tax on loss | 5 | 17 |  | 46 |  |

LOSS FOR THE FINANCIAL YEAR | (243,391 | ) | (3,053 | ) |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE LOSS FOR THE YEAR | (243,391 | ) | (3,053 | ) |

JBM SOLAR PROJECTS 13 LIMITED (REGISTERED NUMBER: 12140364) |

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 6 | 45,049,082 |  | 6,447,611 |  |

CURRENT ASSETS

Debtors | 7 | 245,555 |  | 66,683 |  |

CREDITORS

Amounts falling due within one year | 8 | 10,838,658 |  | 655,890 |  |

NET CURRENT LIABILITIES | (10,593,103 | ) | (589,207 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 34,455,979 |  | 5,858,404 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (33,874,704 | ) | (5,851,997 | ) |

PROVISIONS FOR LIABILITIES | 12 | (853,156 | ) | (34,897 | ) |

NET LIABILITIES | (271,881 | ) | (28,490 | ) |

CAPITAL AND RESERVES

Called up share capital | 13 | 100 |  | 100 |  |

Profit and loss account | 14 | (271,981 | ) | (28,590 | ) |

SHAREHOLDERS' FUNDS | (271,881 | ) | (28,490 | ) |

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2026 and were signed on its behalf by:

A I Murkin - Director

JBM SOLAR PROJECTS 13 LIMITED (REGISTERED NUMBER: 12140364) |

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

| Called up |  | Profit |

| share |  | and loss |  | Total

| capital |  | account |  | equity

£ | £ | £ |

Balance at 1 January 2024 | 100 |  | (25,537 | ) | (25,437 | ) |

Changes in equity

Total comprehensive loss | - |  | (3,053 | ) | (3,053 | ) |

Balance at 31 December 2024 | 100 |  | (28,590 | ) | (28,490 | ) |

Changes in equity

Total comprehensive loss | - |  | (243,391 | ) | (243,391 | ) |

Balance at 31 December 2025 | 100 |  | (271,981 | ) | (271,881 | ) |

JBM SOLAR PROJECTS 13 LIMITED (REGISTERED NUMBER: 12140364) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| JBM Solar Projects 13 Ltd is a private company, limited by shares, registered in England and Wales. The company's registered office is Windmill Hill Business Park, Whitehill Way, Swindon, Wiltshire, United Kingdom, SN5 6PB. The company's principal activities and nature of its operations are disclosed in the directors' report.

2. | ACCOUNTING POLICIES

| Basis of preparation

| These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

| • | the requirements of IFRS 7 Financial Instruments: Disclosures;

| • | the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative information in respect of:

| - | paragraphs 53(a), (h) and (j) of IFRS 16;

| - | paragraph 79(a)(iv) of IAS 1; and

| - | paragraph 73(e) of IAS 16 Property, Plant and Equipment;

| • | the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134 to 136 of IAS 1;

| • | the requirements of

| - | paragraphs 1 to 44E, 44H(b)(ii) and 45 to 63 of IAS 7 Statement of Cash Flows; and

| - | paragraphs 44F, 44G, 44H(a), 44H(b)(i), 44H(b)(iii) and 44H(c) of IAS 7;

| • | the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes;

| • | the requirements of paragraph 74(b) of IAS 16;

| • | the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;

| • | the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group;

| • | the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36 Impairments of Assets.

| Where required, equivalent disclosures are given in the consolidated financial statements of RWE AG. The consolidated financial statement of RWE is available to the public and can be obtained as set out in Note 15.

| Tangible fixed assets

| Property, plant and equipment is stated in the net asset statement at cost, less any subsequent accumulated depreciation and subsequent impairment losses.

| The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.

| Depreciation of property, plant and equipment is provided on a straight line basis to write off the cost less the estimated residual value of the assets by equal instalments over their estimated useful economic life as follows:

| Right-of-use asset depreciated over 35 years

| Assets in the course of construction are 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 recognised in the profit or loss.

| Right-of-use assets capitalised under the asset classifications above are depreciated at the shorter of the lease term or expected useful life of the underlying asset. Right-of-use assets annual depreciation is recapitalised as part of asset under construction.

JBM SOLAR PROJECTS 13 LIMITED (REGISTERED NUMBER: 12140364) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial assets

| A financial asset are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets are classified into specified categories, depending on the nature and purpose of the financial assets.

| At initial recognition, financial assets classified as fair value through profit and loss are measured at fair value and any transaction costs are recognised in profit and loss. Financial assets not classified as fair value through profit and loss are initially measured at fair value plus transaction costs. The company only has financial assets held at amortised cost.

| Financial assets held at amortised cost

| Financial instruments are classified as financial assets measured at amortised cost where the objective is to hold these assets in order to collect contractual cash flows, and the contractual cash flows are solely payments of principal and interest. They arise principally from the provision of goods and services to customers (e.g. trade receivables). They are initially recognised at fair value plus transaction costs directly attributable to their acquisition or issue, and are subsequently carried at amortised cost using the effective interest rate method, less provision for impairment where necessary.

| Impairment of financial assets

| Financial assets, other than those measured at fair value through profit or loss, are assessed for indicators of impairment at each reporting end date.

| Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

| For trade receivables and contract assets, the company applies the simplified approach permitted by IFRS 9, which requires expected lifetime losses to be recognised from initial recognition of the receivables.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

| Financial liabilities

| The company recognises financial debt when the company becomes a party to the contractual provisions of the instruments. Financial liabilities are classified as either 'financial liabilities at fair value through profit or loss' or 'other financial liabilities'. The company only has other financial liabilities.

| Other financial liabilities

| Other financial liabilities, including borrowings, trade payables and other short-term monetary liabilities, are initially measured at fair value net of transaction costs directly attributable to the issuance of the financial liability. They are subsequently measured at amortised cost using the effective interest method. For the purposes of each financial liability, interest expense includes initial transaction costs and any premium payable on redemption, as well as any interest or coupon payable while the liability is outstanding.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when, and only when, the company’s obligations are discharged, cancelled, or they expire.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

| Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

JBM SOLAR PROJECTS 13 LIMITED (REGISTERED NUMBER: 12140364) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| The tax expense for the period comprises current and deferred tax. Tax is recognised through profit or loss, except to the extent that it relates to items recognised in other comprehensive income. In this case, the tax is also recognised in other comprehensive income.

| Current tax

| The current income tax charge is calculated on the basis of the laws enacted or substantively enacted at the reporting date in the countries where the company operates and generates taxable income.

| Deferred tax

| Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date and are expected to apply when the related deferred income tax asset is realised or the deferred income tax liability is settled.

| Deferred income tax assets are recognised only to the extent that it is probable that future taxable profits will be available against which the temporary differences can be utilised.

| Deferred income tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred income tax assets and liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities where there is an intention to settle the balance on a net basis.

| Leases

| At inception, the company assesses whether a contract is, or contains, a lease within the scope of IFRS 16. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Where a tangible asset is acquired through a lease, the company recognises a right-of-use asset and a lease liability at the lease commencement date. Right-of-use assets are included within property, plant and equipment.

| The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date plus any initial direct costs and an estimate of the cost of obligations to dismantle, remove, refurbish or restore the underlying asset and the site on which it is located, less any lease incentives received.

| The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. The estimated useful lives of right-of-use assets are determined on the same basis as those of other property, plant and equipment. The right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.

| The lease liability is initially measured at the present value of the lease payments that are unpaid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the company's incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise fixed payments, variable lease payments that depend on an index or a rate, amounts expected to be payable under a residual value guarantee, and the cost of any options that the company is reasonably certain to exercise, such as the exercise price under a purchase option, lease payments in an optional renewal period, or penalties for early termination of a lease.

| The lease liability is measured at amortised cost using the effective interest method. It is remeasured when there is a change in: future lease payments arising from a change in an index or rate; the company's estimate of the amount expected to be payable under a residual value guarantee; or the company's assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.

| The company has elected not to recognise right-of-use assets and lease liabilities for short-term leases of machinery that have a lease term of 12 months or less, or for leases of low-value assets including IT equipment. The payments associated with these leases are recognised in profit or loss on a straight-line basis over the lease term.

JBM SOLAR PROJECTS 13 LIMITED (REGISTERED NUMBER: 12140364) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Critical accounting 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 readily apparent from other sources.

| These key judgements typically relate to discounting rates of 5.77%.

| The judgements and underlying assumptions are reviewed on an ongoing basis. Revisions to these judgements are recognised in the period in which the judgements are revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| Borrowing costs related to non-current assets

| Borrowing costs are capitalised as part of the asset's cost, if they are directly attributable to the acquisition or production of a qualified asset for which a considerable period of time is required to prepare the asset for use or sale. Borrowing costs cease to be capitalised when construction is complete, calculated with reference to the proportion of solar power generators that are fully commissioned.

| Going concern

| The financial statements have been prepared on the going concern basis.

| In making their assessment the directors have considered the foreseeable future which is a period of at least 12 months from the date of signing of the statement of financial position.

| The directors do not believe that there are any material uncertainties regarding the going concern status of the company.

| The company is a special purpose vehicle (SPV) funded by group undertakings. The group is experienced in the setting up and running of similar SPVs.

| The group has the financial resources to support the company and has provided a letter of support to meet the SPV's future liabilities as they fall due. This is a statement of intent and not a legally binding arrangement, the directors consider the risk that support will be withdrawn is remote.

| In line with expectations the SPV has initially made losses and has a negative balance sheet. The company has at the balance sheet date net current liabilities of £10,593,103 (2024 - £589,207) and negative reserves of £271,981 (2024 - £28,590).

| The going concern status of the SPV is dependent on two critical events: the granting of planning permission and the signing of a lease. These have both now occurred, and the directors do not foresee any problems in the SPV meeting its objectives.

| Adoption of new and revised standards and changes in accounting policies.

| There are no amendments to accounting standards that have had a material impact on the company's financial statements.

3. | EMPLOYEES AND DIRECTORS

| There were no staff costs for the year ended 31 December 2025 nor for the year ended 31 December 2024.

| The average number of employees during the year was NIL (2024 - NIL).

| The directors do not receive any remuneration from the company in respect of their services to the company. Instead, they are employed and paid by another related entity, RWE Renewables Management UK Limited. Due to the nature of the services provided and the number of entities to which it relates, it is not possible to meaningfully allocate the director's remuneration in respect of qualifying services to the company.

JBM SOLAR PROJECTS 13 LIMITED (REGISTERED NUMBER: 12140364) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | LOSS BEFORE TAXATION

| The loss before taxation is stated after charging:

|  | 2025 |  |  | 2024 |

|  | £ |  |  | £ |

| Auditors' remuneration |  |  | 2,750 |  |  | 2,525 |

5. | TAXATION

| Analysis of tax expense

| 2025 |  | 2024

£ | £ |

| Current tax:

| Group relief | (178,872 | ) | (34,851 | ) |

| Deferred tax | 178,889 |  | 34,897 |  |

| Total tax expense in statement of comprehensive income | 17 |  | 46 |  |

| Factors affecting the tax expense

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Loss before income tax | (243,374 | ) | (3,007 | ) |

| Loss multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | (60,844 | ) | (752 | ) |

| Effects of:

| Pre-trading expenditure | 60,860 |  | 798 |  |

| Capitalised interest | (178,888 | ) | (34,897 | ) |

| Deferred tax | 178,889 |  | 34,897 |  |

| Tax expense | 17 |  | 46 |  |

| Tax income is the consideration receivable for surrendered tax losses to group members.

| Deferred tax

| The company has yet to commence trading and therefore a deferred tax asset of £67,993 (2024: £7,133) has not been recognised in respect of pre-trading expenditure.

| Pillar Two income taxes

| The company has applied the temporary exception, introduced in May 2023, from the accounting requirements for deferred taxes in IAS 12, so that the company neither recognises nor discloses information about deferred tax assets and liabilities related to Pillar Two income taxes. The impact of Pillar Two legislation is not expected to be material.

JBM SOLAR PROJECTS 13 LIMITED (REGISTERED NUMBER: 12140364) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

6. | TANGIBLE FIXED ASSETS

| Asset |

| Right-of-use |  | under |

| assets |  | construction |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 4,059,957 |  | 2,447,662 |  | 6,507,619 |  |

| Additions | 2,727 |  | 38,655,847 |  | 38,658,574 |  |

| At 31 December 2025 | 4,062,684 |  | 41,103,509 |  | 45,166,193 |  |

| DEPRECIATION

| At 1 January 2025 | 60,008 |  | - |  | 60,008 |  |

| Charge for year | 57,103 |  | - |  | 57,103 |  |

| At 31 December 2025 | 117,111 |  | - |  | 117,111 |  |

| NET BOOK VALUE

| At 31 December 2025 | 3,945,573 |  | 41,103,509 |  | 45,049,082 |  |

| At 31 December 2024 | 3,999,949 |  | 2,447,662 |  | 6,447,611 |  |

| Depreciation charge from right of use asset is recapitalised as part of asset under construction additions.

| Cumulative borrowing costs capitalised of £505,174 (2024: £22,076) and cumulative interest charge on lease liabilities capitalised of £349,969 (2024: £117,513) have been included in the asset under construction.

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed by parent undertakings | 213,723 |  | 34,851 |  |

| Other receivables | 31,832 |  | 31,832 |  |

245,555 |  | 66,683 |  |

| Amounts owed by the parent undertakings are unsecured, interest free and repayable on demand.

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Leases (see note 10) | 145,757 |  | 83,795 |  |

| Trade payables | - |  | 492 |  |

| Amounts owed to parent undertakings | 9,814,124 |  | 515,511 |  |

| Accruals and deferred income | 878,777 |  | 56,092 |  |

10,838,658 |  | 655,890 |  |

| Amounts owed to the parent undertakings are unsecured, interest free and repayable on demand.

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Leases (see note 10) | 3,922,226 |  | 3,871,943 |  |

| Amounts owed to group undertakings | 29,952,478 |  | 1,980,054 |  |

33,874,704 |  | 5,851,997 |  |

JBM SOLAR PROJECTS 13 LIMITED (REGISTERED NUMBER: 12140364) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

10. | FINANCIAL LIABILITIES - BORROWINGS |

2025 | 2024 |

£ | £ |

| Current:

| Leases (see note 11) | 145,757 |  | 83,795 |  |

| Non-current:

| Leases (see note 11) | 3,922,226 |  | 3,871,943 |  |

| Terms and debt repayment schedule

| 1 year or |  | More than |

| less |  | 1-2 years |  | 2-5 years |  | 5 years |  | Totals

£ | £ | £ | £ | £ |

| Leases | 145,757 |  | 38,673 |  | 153,760 |  | 3,729,793 |  | 4,067,983 |  |

11. | LEASING

| Lease liabilities

| Minimum lease payments fall due as follows:

2025 | 2024 |

£ | £ |

| Gross obligations repayable:

| Within one year | 313,456 |  | 310,522 |  |

| Between one and five years | 1,096,928 |  | 1,059,748 |  |

| In more than five years | 7,601,343 |  | 7,550,653 |  |

9,011,727 |  | 8,920,923 |  |

| Finance charges repayable:

| Within one year | 167,699 |  | 226,727 |  |

| Between one and five years | 904,495 |  | 878,993 |  |

| In more than five years | 3,871,550 |  | 3,859,465 |  |

4,943,744 |  | 4,965,185 |  |

| Net obligations repayable:

| Within one year | 145,757 |  | 83,795 |  |

| Between one and five years | 192,433 |  | 180,755 |  |

| In more than five years | 3,729,793 |  | 3,691,188 |  |

4,067,983 |  | 3,955,738 |  |

12. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 213,786 |  | 34,897 |  |

| Other provisions | 639,370 |  | - |  |

853,156 |  | 34,897 |  |

JBM SOLAR PROJECTS 13 LIMITED (REGISTERED NUMBER: 12140364) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

12. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 34,897 |  |

| Provided during year | 178,889 |  |

| Balance at 31 December 2025 | 213,786 |  |

13. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

14. | RESERVES

| The only movement in reserves during the period is the loss for the period.

15. | ULTIMATE PARENT COMPANY

| The company's immediate parent is RWE Renewables UK Solar And Storage Limited which is a subsidiary of RWE Renewables UK Solar Holdings Limited.

| The ultimate parent company is RWE AG, a company incorporated in Germany. Copies of RWE AG's consolidated financial statements are available upon request from RWE AG, RWE Platz 1, 45141 Essen, Germany.

| The most senior parent entity producing publicly available consolidated financial statements is RWE AG.

| The parent of the smallest and largest group in which these financial statements are consolidated is RWE AG, incorporated in Germany. The registered address of the parent company is as per the above paragraph