Bulk Infrastructure UK Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

Bulk Infrastructure UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12229670 . The registered office is 1 Chapel Street, Warwick, CV34 4HL.

The principal trading activity of the company is that of data processing, including hosting and other related activities.

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

These financial statements have been prepared on the going concern basis, which assumes that the company will be able to meet its financial obligations as they fall due for payment for the foreseeable future. The company is reliant upon the continued support of its parent undertaking, Bulk Data Centers AS, to be able to do this. Bulk Data Centers AS has indicated to the directors, that support will be provided as it is required.

2.3. Significant judgements and estimations

The preparation of the financial statements requires management to make judgements, estimates, and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

2.4. Turnover

Revenue is recognised under a transfer pricing agreement with the parent company and recognised in the period in which the expense is incurred.

2.5. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to related parties and investments in non-puttable ordinary shares.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.6. 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.

2.7. 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.

2.8. Debtors

Basic financial assets, including trade and other debtors, are intially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

2.9. Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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Bulk Infrastructure UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.10. Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2.11. Share Capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 2 (2024: 3)

4. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	5,218	5,903
Other debtors	-	559
VAT	2,989	3,264
Amounts owed by group undertakings	471,524	323,136

	479,731	332,862

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	888	3,105
Other taxes and social security	9,227	4,769
Accruals	49,194	27,946
Amounts owed to group undertakings	246,884	306,144

	306,193	341,964

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

7. Dividends

No dividends were proposed or paid during the current or previous year.

8. Related Party Transactions

The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 33. 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose transactions with entities that are wholly owned members of the group.

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Bulk Infrastructure UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Ultimate Parent Undertaking and Controlling Party

The parent of the smallest group in which these financial statements are consolidated is Bulk Data Centers AS , incorporated in Norway. Copies of the group accounts may be obtained from the secretary, Frognerstranda 2, Oslo, Norway, N-0250 . The ultimate controlling party is Peder Naerbo .

10. Audit Information

The auditor's report on the accounts of Bulk Infrastructure UK Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by David Wheeler (Senior Statutory Auditor) for and on behalf of Bourner Bullock , Statutory Auditor.

Bourner Bullock

Chartered Accountants

114 St Martin’s Lane

Covent Garden

London

WC2N 4BE

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		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	479,731		332,862
Cash at bank and in hand		89,232		225,784

		568,963		558,646
Creditors: Amounts Falling Due Within One Year	5	(306,193 )		(341,964 )

NET CURRENT ASSETS (LIABILITIES)			262,770		216,682

TOTAL ASSETS LESS CURRENT LIABILITIES			262,770		216,682

NET ASSETS			262,770		216,682

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			262,670		216,582

SHAREHOLDERS' FUNDS			262,770		216,682