BrightAccountsProduction v1.0.0 v1.0.0 2024-11-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is Renewable Energy Contracts 30 July 2026 0 0 15223154 2025-10-31 15223154 2024-10-31 15223154 2023-10-31 15223154 2024-11-01 2025-10-31 15223154 2023-11-01 2024-10-31 15223154 uk-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 15223154 uk-curr:PoundSterling 2024-11-01 2025-10-31 15223154 uk-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 15223154 uk-bus:FullAccounts 2024-11-01 2025-10-31 15223154 uk-core:Non-currentFinancialInstruments 2025-10-31 15223154 uk-core:Non-currentFinancialInstruments 2024-10-31 15223154 uk-core:CurrentFinancialInstruments 2025-10-31 15223154 uk-core:CurrentFinancialInstruments 2024-10-31 15223154 uk-core:ShareCapital 2025-10-31 15223154 uk-core:ShareCapital 2024-10-31 15223154 uk-core:RetainedEarningsAccumulatedLosses 2025-10-31 15223154 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 15223154 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-10-31 15223154 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-10-31 15223154 uk-bus:FRS102 2024-11-01 2025-10-31 15223154 uk-core:CostValuation 2024-10-31 15223154 uk-core:AdditionsToInvestments 2024-10-31 15223154 uk-core:AdditionsToInvestments 2025-10-31 15223154 uk-core:CostValuation 2025-10-31 15223154 uk-core:CurrentFinancialInstruments 2025-10-31 15223154 uk-core:CurrentFinancialInstruments 2024-10-31 15223154 uk-core:Non-currentFinancialInstruments 2025-10-31 15223154 uk-core:Non-currentFinancialInstruments 2024-10-31 15223154 uk-core:WithinOneYear 2025-10-31 15223154 uk-core:WithinOneYear 2024-10-31 15223154 uk-core:WithinOneYear 2025-10-31 15223154 uk-core:WithinOneYear 2024-10-31 15223154 uk-core:EmployeeBenefits 2024-10-31 15223154 uk-core:EmployeeBenefits 2024-11-01 2025-10-31 15223154 uk-core:AcceleratedTaxDepreciationDeferredTax 2025-10-31 15223154 uk-core:TaxLossesCarry-forwardsDeferredTax 2025-10-31 15223154 uk-core:OtherDeferredTax 2025-10-31 15223154 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2025-10-31 15223154 uk-core:EmployeeBenefits 2025-10-31 15223154 2024-11-01 2025-10-31 15223154 uk-bus:Director1 2024-11-01 2025-10-31 15223154 uk-bus:Director2 2024-11-01 2025-10-31 15223154 uk-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 xbrli:pure iso4217:GBP xbrli:shares

Simple Energy Matters Ltd

Unaudited Financial Statements

for the financial year ended 31 October 2025

Simple Energy Matters Ltd

Company Registration Number: 15223154

BALANCE SHEET

as at 31 October 2025

|  |  | 2025 |  | 2024
|  | Notes | £ |  | £
Fixed Assets

Investments |  | 5 | 38,955 |  | 185
|  |  | ───────── |  | ─────────
Current Assets

Debtors |  | 6 |  |  |
- amounts falling due after more than one year |  |  | 976,148 |  | -
- amounts falling due within one year |  |  | 5 |  | 19,653
Cash at bank and in hand |  |  | 12,930 |  | 46,697
|  |  | ───────── |  | ─────────
|  |  | 989,083 |  | 66,350
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 7 | (1,059,377) |  | (107,539)
|  |  | ───────── |  | ─────────
Net Current Liabilities |  |  | (70,294) |  | (41,189)
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | (31,339) |  | (41,004)
Provisions for liabilities |  | 8 | 5,946 |  | 8,439
|  |  | ───────── |  | ─────────
Net Liabilities |  |  | (25,393) |  | (32,565)
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 5 |  | 5
Retained earnings |  |  | (25,398) |  | (32,570)
|  |  | ───────── |  | ─────────
Shareholders' Deficit |  |  | (25,393) |  | (32,565)
|  |  | ═════════ |  | ═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 30 July 2026 and signed on its behalf by

________________________________ |  |  | ________________________________
Mr Jamie Reynolds |  |  | Mr Simon Farmer-Pursell
Director |  |  | Director

Simple Energy Matters Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 October 2025

1. | General Information
| Simple Energy Matters Ltd is a company limited by shares incorporated and registered in the England and Wales. The registered number of the company is 15223154The registered office of the company is 6 Ferranti Court, Staffordshire Technology Park, Stafford, England, ST18 0LQ . The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial year ended 31 October 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
| Judgements
| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the director there are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year.
| Investments
| Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Cash at bank and in hand
| 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.
| Borrowing costs
| All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| Provisions
| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
| Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
| Financial Instruments
| Classification
| 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 from banks and other third parties, loans to related parties and investments in ordinary shares.
| Recognition and measurement
| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
| Impairment
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an Impairment loss is recognised in the Statement of comprehensive income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date. 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.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Going concern
| After making enquires, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

4. | Employees
| The average monthly number of employees, including directors, during the financial year was 1, (2024 - 2).

5. | Investments
|  | Other | Total
|  | investments |
| Investments | £ | £
| Cost
| At 1 November 2024 | 185 | 185
| Additions | 38,770 | 38,770
|  | ───────── | ─────────
| At 31 October 2025 | 38,955 | 38,955
|  | ───────── | ─────────
| Net book value
| At 31 October 2025 | 38,955 | 38,955
|  | ═════════ | ═════════
| At 31 October 2024 | 185 | 185
|  | ═════════ | ═════════

6. | Debtors | 2025 | 2024
|  | £ | £
| Amounts owed by group undertakings | 976,148 | 13,648
| Other debtors | 5 | 5
| Prepayments and accrued income | - | 6,000
|  | ───────── | ─────────
|  | 976,153 | 19,653
|  | ═════════ | ═════════

| Amounts falling due after more than one year and included in debtors are:
|  | 2025 | 2024
|  | £ | £
| Amounts owed by group undertakings | 976,148 | -
|  | ═════════ | ═════════

7. | Creditors | 2025 | 2024
| Amounts falling due within one year | £ | £
| Other loans | 50,000 | -
| Amounts owed to group undertakings | 100,305 | 185
| Amounts owed to participating interests | 650,000 | 69,400
| Amounts owed to related parties (Note 9) | 250,000 | -
| Taxation | 1,396 | 5,096
| Accruals | 7,676 | 32,858
|  | ───────── | ─────────
|  | 1,059,377 | 107,539
|  | ═════════ | ═════════

8. | Provisions for liabilities
| The amounts provided for deferred taxation are analysed below:
|  | Losses | Total | Total
|  |  | 2025 | 2024
|  | £ | £ | £
| At financial year start | (8,439) | (8,439) | -
| Charged to profit and loss | 2,493 | 2,493 | (8,439)
|  | ───────── | ───────── | ─────────
| At financial year end | (5,946) | (5,946) | (8,439)
|  | ═════════ | ═════════ | ═════════

9. | Related party transactions
| The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.

10. | Controlling party
| The company is owned by four corporate shareholders. There is no ultimate controlling party.

11. | Share capital
| Allotted, called up and fully paid shares
|  | 2025 | 2024
|  | £ | £
| Ordinary of £1 each | - | 5
| Ordinary of £0.01 each | 5 | -
|  | ───────── | ─────────
|  | 5 | 5
|  | ═════════ | ═════════

12. | Financial commitments
| The total amount of financial commitments not included in the balance sheet is £NIL (2024: £5,250).