Acorah Software Products - Accounts Production 19.3.600 false true true 31 December 2024 1 January 2024 false 21 July 2026 1 January 2025 31 December 2025 31 December 2025 12991861 Mr Thibault Chevallier Mr Arnaud Susplugas true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12991861 2024-12-31 12991861 2025-12-31 12991861 2025-01-01 2025-12-31 12991861 frs-core:CurrentFinancialInstruments 2025-12-31 12991861 frs-core:Non-currentFinancialInstruments 2025-12-31 12991861 frs-core:PlantMachinery 2025-12-31 12991861 frs-core:PlantMachinery 2025-01-01 2025-12-31 12991861 frs-core:PlantMachinery 2024-12-31 12991861 frs-core:ShareCapital 2025-12-31 12991861 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 12991861 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 12991861 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 12991861 frs-bus:SmallEntities 2025-01-01 2025-12-31 12991861 frs-bus:Audited 2025-01-01 2025-12-31 12991861 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 12991861 1 2025-01-01 2025-12-31 12991861 frs-bus:Director1 2025-01-01 2025-12-31 12991861 frs-bus:Director2 2025-01-01 2025-12-31 12991861 frs-countries:EnglandWales 2025-01-01 2025-12-31 12991861 2023-12-31 12991861 2024-12-31 12991861 2024-01-01 2024-12-31 12991861 frs-core:CurrentFinancialInstruments 2024-12-31 12991861 frs-core:Non-currentFinancialInstruments 2024-12-31 12991861 frs-core:ShareCapital 2024-12-31 12991861 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 12991861
Renewable Heat Infrastructure Limited
Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12991861
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,273,902 14,444,538
17,273,902 14,444,538
CURRENT ASSETS
Debtors 5 1,053,033 341,727
Cash at bank and in hand 54,536 39,714
1,107,569 381,441
Creditors: Amounts Falling Due Within One Year 6 (1,792,672 ) (918,157 )
NET CURRENT ASSETS (LIABILITIES) (685,103 ) (536,716 )
TOTAL ASSETS LESS CURRENT LIABILITIES 16,588,799 13,907,822
Creditors: Amounts Falling Due After More Than One Year 7 (17,413,671 ) (13,800,059 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (26,915 )
NET (LIABILITIES)/ASSETS (824,872 ) 80,848
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (824,972 ) 80,748
SHAREHOLDERS' FUNDS (824,872) 80,848
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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 Thibault Chevallier
Director
21 July 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Renewable Heat Infrastructure Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12991861 . The registered office is C/O Cutts And Company, Eden Point Three Acres Lane, Cheadle Hulme, Cheadle, SK8 6RL and there is no single principal place of business.
The presentational currency of these financial statements is Pound Sterling (£).
Amounts in these financial statements are rounded to the nearest £.
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
The company made a loss for the year of £880,002 and had a negative balance sheet total of £799,154 at the year end date. These are indicators that the company may potentially not be a going concern. However, the company is reliant upon the continued support of Kyotherm SAS, the company's immediate parent company. For this reason the directors believe that the company is a going concern and have drawn up these financial statements on this basis.
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 at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes might differ from those estimates.
The following judgements have been made by the directors in applying the company's accounting policies:
Property, plant and equipment
Property, plant and equipment is depreciated over the average lease term of the sites on which the assets are sited. This has been estimated by the directors to be 15.5 years (with effect from 1 January 2022) equating to 6.45% per annum.
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and VAT. Turnover relates to remittances from Ofgem for energy produced by the company at its various sites. Turnover is reduced for estimated rebates and other similar allowances.
2.5. 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 net book value at 1 January 2022 and the cost of the fixed assets purchased thereafter, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 6.45% per annum
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.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Borrowing costs
All borrowing costs are recognised in the profit and loss account in the year in which they are incurred.
2.9. Financial instruments
The company only has basic financial instruments, which are recognised at amortised cost.
Debtors
Short term debtors are measured at transaction price less any impairment. 
Creditors
Short term creditors are measured at the transaction price. Liabilities are measured at amortised cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2025 15,252,671
Additions 3,145,019
As at 31 December 2025 18,397,690
Depreciation
As at 1 January 2025 808,133
Provided during the period 315,655
As at 31 December 2025 1,123,788
...CONTINUED
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Net Book Value
As at 31 December 2025 17,273,902
As at 1 January 2025 14,444,538
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 133,672 81,730
Prepayments and accrued income 407,014 224,326
Other debtors 245,928 35,671
Deferred tax current asset 266,419 -
1,053,033 341,727
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 491,004 123,314
Accruals and deferred income 56,434 31,573
Amounts owed to group undertakings 1,245,234 763,270
1,792,672 918,157
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Amounts owed to group undertakings 17,413,671 13,800,059
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Capital Commitments
At the end of the period, the company had capital commitments contracted for but not provided in these financial statements amounting to £1,500,000 (2024: £3,600,000).
10. Other Commitments
At the year end, the company had total commitments under non-cancellable operating leases of £12,917 (2024: £12,917).
11. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.
Interest and loan balances owed to group companies are shown in notes 6 and 7 respectively. Trade creditors includes £339,534 (2024: £27,413) owed to group companies.
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12. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is InfraVia Capital Partners SAS which, on 14 November 2024, acquired 75% of the shares of the company's previous ultimate (and new intermediate) parent company, Kyotherm SAS. The group accounts are not available for public access.
The ultimate controlling parties are not disclosed on the Paris Registre du Commerce et des Societes, by virtue of their shareholding in Kyotherm SAS.
13. Audit Information
The auditor's report on the accounts of Renewable Heat Infrastructure Limited for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by Paul Allan Byrne BA (Double Hons) FCA (Senior Statutory Auditor) for and on behalf of Ascendis Audit Limited , Statutory Auditor.
Ascendis Audit Limited
Unit 3 Building 2, The Colony
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
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