REGISTERED NUMBER: 05268380 (England and Wales)

ECO2 LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

-

-

-

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.