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REGISTERED NUMBER: 05268380 (England and Wales)

ECO2 LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2025

ECO2 LIMITED (REGISTERED NUMBER: 05268380)

Contents of the Financial Statements

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

ECO2 LIMITED

Company Information

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | P Darwell

| R J Fuller

| J W Morgan

| REGISTERED OFFICE: | Elfed House

| Oak Tree Court

| Cardiff Gate Business Park

| CARDIFF

| CF23 8RS

| REGISTERED NUMBER: | 05268380 (England and Wales)

| ACCOUNTANTS: | MHA (trading name of MHA Advisory Ltd)

| Elfed House

| Oak Tree Court

| Cardiff Gate Business Park

| CARDIFF

| County of Cardiff

| CF23 8RS

ECO2 LIMITED (REGISTERED NUMBER: 05268380)

Balance Sheet

31 DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 1,575,345 |  | 1,410,048 |  |

Tangible assets | 5 | - |  | - |  |

1,575,345 |  | 1,410,048 |  |

CURRENT ASSETS

Debtors | 6 | 23,097 |  | 32,639 |  |

Cash at bank | 28,613 |  | 41,833 |  |

51,710 |  | 74,472 |  |

CREDITORS

Amounts falling due within one year | 7 | (98,122 | ) | (112,464 | ) |

NET CURRENT LIABILITIES | (46,412 | ) | (37,992 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,528,933 |  | 1,372,056 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (14,206,507 | ) | (14,035,507 | ) |

NET LIABILITIES | (12,677,574 | ) | (12,663,451 | ) |

CAPITAL AND RESERVES

Called up share capital | 1,562 |  | 1,562 |  |

Retained earnings | (12,679,136 | ) | (12,665,013 | ) |

(12,677,574 | ) | (12,663,451 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

ECO2 LIMITED (REGISTERED NUMBER: 05268380)

Balance Sheet - continued

31 DECEMBER 2025

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

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2026 and were signed on its behalf by:

R J Fuller - Director

ECO2 LIMITED (REGISTERED NUMBER: 05268380)

Notes to the Financial Statements

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Eco2 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Intangible assets

| Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

| Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

| Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives only once the project is completed.

| Tangible fixed assets

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

| Fixtures, fittings & equipment |  | Straight line over 2-3 years |  |

| Computer equipment |  | Straight line over 2-5 years |  |

| 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 credited or charged to profit or loss.

| Taxation

| Taxation for the year comprises current tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Research and development

| Expenditure on research and development is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ECO2 LIMITED (REGISTERED NUMBER: 05268380)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Going concern

| The directors and shareholders are confident in the company's ability to continue to trade for the foreseeable future and are prepared to provide the necessary financial support to enable it to do so. The financial statements have been prepared on a going concern basis on the assumption that the directors and shareholders will continue to support the company to meet its working capital requirements as necessary.

| The shareholders have introduced further funding in the year in the form of debt and remain committed to the long term future of the company.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 January 2025 | 1,410,047 |  |

| Additions | 165,298 |  |

| At 31 December 2025 | 1,575,345 |  |

| NET BOOK VALUE

| At 31 December 2025 | 1,575,345 |  |

| At 31 December 2024 | 1,410,047 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| Fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025

| and 31 December 2025 | 223,204 |  | 101,371 |  | 324,575 |  |

| DEPRECIATION

| At 1 January 2025

| and 31 December 2025 | 223,204 |  | 101,371 |  | 324,575 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | - |  | - |  |

| At 31 December 2024 | - |  | - |  | - |  |

ECO2 LIMITED (REGISTERED NUMBER: 05268380)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

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

2025 | 2024 |

£ | £ |

| Other debtors | 12,828 |  | 12,828 |  |

| VAT | 4,988 |  | 14,263 |  |

| Prepayments and accrued income | 5,281 |  | 5,548 |  |

23,097 |  | 32,639 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 10,212 |  | 16,776 |  |

| Other creditors | 33,593 |  | 33,593 |  |

| Accruals and deferred income | 54,317 |  | 62,095 |  |

98,122 |  | 112,464 |  |

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

| Included within other creditors due after more than one year is a balance of £11,040,078 (2024: £10,880,078) owed to shareholders and directors. This balance is interest free and unsecured. There are no set repayment terms for the loans

| The remaining long term loan balances totalling £3,166,429 (2024: £3,155,429) are interest free and unsecured, with no set repayment terms.