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Registered number:
FOR THE YEAR ENDED 30 JUNE 2025
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NEXTEARTH LTD
COMPANY INFORMATION
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NEXTEARTH LTD
CONTENTS
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NEXTEARTH LTD
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2025
Nextearth Limited is the parent company of OHM Energie. OHM Energie is a French green electricity and natural gas provider located in Paris.
During the year our turnover increased significantly compared to the previous year. Correspondingly, our current expenses increased, which impacted our operating income.
We ended the year with a positive result of €11,353,367 versus €2,133,451 from the previous year. The figures for the year are presented below and compared with the previous year.
Review of accounts and results
We will present to you in detail the annual accounts that we submit to your approval and that have been drawn up in accordance with the rules of presentation and methods of evaluation provided for by the regulations in force. A reminder of the accounts of the previous financial year is provided for comparative purposes. In the financial year ended June 30, 2025, revenue amounted to €329,644,052 compared to €260,820,110 in the previous year, i.e. variation of 26%. The amount of purchases and inventory changes amounted to €281,682,990 against €228,973,369 for the previous year, a variation of 23%. Salaries and wages amounted to €6,255,305 against €4,799,225 in the previous year, i.e. a variation of 30%. The amount of social security contributions amounts to €2,440,380 against €1,737,011 for the previous year, i.e. a variation of 40%. The number of employees at the end of the financial year amounted to 177 people. Depreciation and provisions amounted to €7,092,055 compared to €6,889,514 for the previous year, a variation of 3% Administrative expenses amounted to €35,930,287 compared to €21,945,282 for the previous fiscal year. Given a positive financial result of €11,353,367 (2024: €2,133,451), the current result before tax is €15,121,924 compared to €4,766,079 for the previous year, i.e. variation of 21%. The corporate tax charge for the past year amounted to €3,768,557 compared to €2,632,628 for the previous year, a variation of 43%. As of June 30, 2025, the Group's gross balance sheet total amounted to €184,801,666 versus €204,312,895 for the previous year, a variation of 10%.
We hope to maintain revenue growth while controlling our current expenses in order to improve our results.
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NEXTEARTH LTD
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Section 172 of the Companies Act 2006 requires Directors to take into consideration the interests of stakeholders and other matters in their decision-making. We believe we have a history of collaborative, informative stakeholder engagement, making decisions based on long term-success, and we maintain governance structures and processes that support good decision-making.
The Directors have and continue to act in good faith to ensure the business' success for the benefit of a wide range of stakeholders. These stakeholders include: • Employees Our employees are fundamental to the delivery of our strategic and financial promises to our stakeholders. Our mechanisms for engaging employees include employee councils across the Company, engagement tools and town hall meetings. The Group is committed to equal opportunities for all and a workplace free from harassment and discrimination. The Company will select, recruit, employ and promote staff based on the abilities of the individual regardless of gender, age, race, disability, ethnicity, or region. • Suppliers The Group relies on its suppliers to provide quality services to maintain the highest standards of quality and reliability in meeting the needs of our customers. The Group is committed to having professional and ethical relationships with its suppliers and the Company clearly articulates its stance on anti-corruption, anti-bribery, and modern slavery with all its suppliers ensuring the highest standards of ethics are met. The Group has a fair process with respect to tendering of contracts and engaging with new suppliers. The Group actively engages with all suppliers and takes part in regular oversight, monitoring and feedback with them. The Company aims to ensure all suppliers are paid promptly. • Customers Our customers are a priority for us. We invest continuously to deliver an industry leading service to our customers that translate each year in a high customer rating on Trustpilot. The Group works to maintain a professional and ethical relationship with all its customers and is again clear on its stance on anti-corruption, anti-bribery, and modern slavery. There is regular communication between the Group and its customers through both formal and informal channels. As a leading service provider, the Group relies on its business relations across both clients and suppliers. All departments across the business contribute to building positive relationships to deliver the best service possible. • The local community and environment The Group has a corporate social responsibility to operate safely and effectively within the local community and reduce its environmental impact. The Director of Nextearth Ltd understands the need to act fairly and to consider the impact of any decision-making, long or short term, on these groups.
This report was approved by the board on 30 July 2026 and signed on its behalf.
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NEXTEARTH LTD
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 JUNE 2025
The director presents his report and the financial statements for the year ended 30 June 2025.
The director is responsible for preparing the Group Strategic Report, the Director's Report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the director is required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The director is 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 the Group and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to €11,353,367 (2024 - €2,133,451).
No dividends were paid or voted during the year.
The director who served during the year was:
The Group has not disclosed information in respect of greenhouse gas emissions, energy consumption and energy efficiency action as its energy consumption in the United Kingdom for the year is 40,000kWh or lower.
In accordance with section 414C(11) of the Companies Act 2006, the Group has chosen to include information relating to financial performance and matters set out in section 172 in the Strategic Report.
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NEXTEARTH LTD
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Subsequent to the year end in January 2026, management identified fraude au président involving unauthorised payments totalling €3,800,000 made by the finance team. The transaction occurred after the reporting date and therefore did not affect the results for the year ended 30 June 2025. No adjustments have been made to the group financial statements. Management have taken appropriate action, including dismissal of the employee.
Ohm Energie has decided to split its supply business into two divisions: B2C and B2B, with the creation of a subsidiary dedicated to B2B called Ohm Pro. The company was established in April 2026 and will commence operations from FY27.
The auditors, MHA, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on
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NEXTEARTH LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NEXTEARTH LTD
We have audited the financial statements of Nextearth Ltd (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 30 June 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated and Company Statements of Financial Position, the Consolidated Statement of Cash Flows, the Consolidated and Company Statement of Changes in Equity and the related notes, 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 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
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 Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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.
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
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 Group's or the Parent 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.
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
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NEXTEARTH LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NEXTEARTH LTD (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The director is responsible for the other information contained within the Annual Report. 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. 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 course of 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.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group Strategic Report and the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group Strategic Report and the Director's Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Director's Report.
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NEXTEARTH LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NEXTEARTH LTD (CONTINUED)
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 an Auditors' Report 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 Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙Enquiry of management regarding actual and potential litigation and claims;
∙Performing audit work over the risk and management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;
∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.
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 Auditors' 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 an Auditors' Report 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.
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NEXTEARTH LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF NEXTEARTH LTD (CONTINUED)
for and on behalf of
United Kingdom
Date:
MHA is the trading name of MHA Audit Services LLP, a Limited Liability Partnership in England and Wales (registered number OC455542).
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NEXTEARTH LTD
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2025
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NEXTEARTH LTD
REGISTERED NUMBER: 09649407
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 July 2026.
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NEXTEARTH LTD
REGISTERED NUMBER: 09649407
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2025
The notes on pages 17 to 36 form part of these financial statements.
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NEXTEARTH LTD
REGISTERED NUMBER: 09649407
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 17 to 36 form part of these financial statements.
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