IRIS Accounts Production v26.1.10.61 07337814 Board of Directors 1.12.24 30.11.25 30.11.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07337814 2024-11-30 07337814 2025-11-30 07337814 2024-12-01 2025-11-30 07337814 2023-11-30 07337814 2023-12-01 2024-11-30 07337814 2024-11-30 07337814 ns15:EnglandWales 2024-12-01 2025-11-30 07337814 ns14:PoundSterling 2024-12-01 2025-11-30 07337814 ns10:Director1 2024-12-01 2025-11-30 07337814 ns10:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 07337814 ns10:SmallEntities 2024-12-01 2025-11-30 07337814 ns10:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 07337814 ns10:SmallCompaniesRegimeForDirectorsReport 2024-12-01 2025-11-30 07337814 ns10:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 07337814 ns10:FullAccounts 2024-12-01 2025-11-30 07337814 ns10:Director2 2024-12-01 2025-11-30 07337814 ns10:RegisteredOffice 2024-12-01 2025-11-30 07337814 ns5:CurrentFinancialInstruments 2025-11-30 07337814 ns5:CurrentFinancialInstruments 2024-11-30 07337814 ns5:Non-currentFinancialInstruments 2025-11-30 07337814 ns5:Non-currentFinancialInstruments 2024-11-30 07337814 ns5:ShareCapital 2025-11-30 07337814 ns5:ShareCapital 2024-11-30 07337814 ns5:RetainedEarningsAccumulatedLosses 2025-11-30 07337814 ns5:RetainedEarningsAccumulatedLosses 2024-11-30 07337814 ns5:LandBuildings 2024-12-01 2025-11-30 07337814 ns5:PlantMachinery 2024-12-01 2025-11-30 07337814 ns5:LandBuildings 2024-11-30 07337814 ns5:PlantMachinery 2024-11-30 07337814 ns5:LandBuildings 2025-11-30 07337814 ns5:PlantMachinery 2025-11-30 07337814 ns5:LandBuildings 2024-11-30 07337814 ns5:PlantMachinery 2024-11-30 07337814 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-11-30 07337814 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-11-30 07337814 ns5:Secured 2025-11-30 07337814 ns5:Secured 2024-11-30 07337814 ns5:DeferredTaxation 2024-11-30 07337814 ns5:DeferredTaxation 2024-12-01 2025-11-30 07337814 ns5:DeferredTaxation 2025-11-30 07337814 ns10:Director1 1 2024-11-30 07337814 ns10:Director1 1 2023-11-30 07337814 ns10:Director1 1 2024-12-01 2025-11-30 07337814 ns10:Director1 1 2023-12-01 2024-11-30 07337814 ns10:Director1 1 2025-11-30 07337814 ns10:Director1 1 2024-11-30 07337814 2 ns10:Director2 2024-11-30 07337814 2 ns10:Director2 2023-11-30 07337814 2 ns10:Director2 2024-12-01 2025-11-30 07337814 2 ns10:Director2 2023-12-01 2024-11-30 07337814 2 ns10:Director2 2025-11-30 07337814 2 ns10:Director2 2024-11-30

REGISTERED NUMBER: 07337814 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 30 November 2025 |

| for |

| New Energy Farms EU Limited |

New Energy Farms EU Limited (Registered number: 07337814)

Contents of the Financial Statements

for the Year Ended 30 November 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

New Energy Farms EU Limited

Company Information

for the Year Ended 30 November 2025

| DIRECTORS: | Dr P A Carver

| M F F Carver

| REGISTERED OFFICE: | 1 Cedar House

| The Parade

| Marlborough

| Wiltshire

| SN8 1NY

| REGISTERED NUMBER: | 07337814 (England and Wales)

| ACCOUNTANTS: | A C Mole LLP

| Stafford House

| Blackbrook Park Avenue

| Taunton

| Somerset

| TA1 2PX

New Energy Farms EU Limited (Registered number: 07337814)

Balance Sheet

30 November 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 489,158 |  | 537,236 |  |

CURRENT ASSETS

Debtors | 5 | 270,793 |  | 152,607 |  |

Cash at bank | 528,022 |  | 535,087 |  |

798,815 |  | 687,694 |  |

CREDITORS

Amounts falling due within one year | 6 | 173,169 |  | 290,341 |  |

NET CURRENT ASSETS | 625,646 |  | 397,353 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,114,804 |  | 934,589 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (198,618 | ) | (205,871 | ) |

PROVISIONS FOR LIABILITIES | 9 | (7,334 | ) | (8,681 | ) |

NET ASSETS | 908,852 |  | 720,037 |  |

CAPITAL AND RESERVES

Called up share capital | 200 |  | 200 |  |

Retained earnings | 908,652 |  | 719,837 |  |

908,852 |  | 720,037 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2026 and were signed on its behalf by:

Dr P A Carver - Director

New Energy Farms EU Limited (Registered number: 07337814)

Notes to the Financial Statements

for the Year Ended 30 November 2025

1. | STATUTORY INFORMATION

| New Energy Farms EU 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover includes government funding relating to innovation & research. This funding is recognised in the period to which it relates.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Land and buildings | - | NIL %

| Plant and machinery etc | - | 25% on reducing balance

| Fixed assets are initially measured at cost, and subsequently at cost less accumulated depreciation, and impairment.

| Management are satisfied that the freehold property is maintained in such a condition that the recoverable amount will be at least the carrying value per the financial statements. As a result, depreciation has not been charged on freehold property.

| Financial instruments

| i) Financial assets

| Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently measured at amortised cost.

| At the balance sheet date financial assets are assessed for evidence of impairment. If an asset is impaired the impairment loss is recognised in the income statement.

| ii) Financial liabilities

| Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price and subsequently measured at amortised cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred 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.

New Energy Farms EU Limited (Registered number: 07337814)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Capital grants

| Where funding has been received in respect of capital expenditure, this income is deferred and released to profit and loss on a systematic basis over the expected useful life of the relating asset.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 7 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 December 2024 | 338,842 |  | 328,367 |  | 667,209 |  |

| Additions | - |  | 6,764 |  | 6,764 |  |

| At 30 November 2025 | 338,842 |  | 335,131 |  | 673,973 |  |

| DEPRECIATION

| At 1 December 2024 | 16,942 |  | 113,031 |  | 129,973 |  |

| Charge for year | - |  | 54,842 |  | 54,842 |  |

| At 30 November 2025 | 16,942 |  | 167,873 |  | 184,815 |  |

| NET BOOK VALUE

| At 30 November 2025 | 321,900 |  | 167,258 |  | 489,158 |  |

| At 30 November 2024 | 321,900 |  | 215,336 |  | 537,236 |  |

| Where government funding has been received in respect of capital expenditure, this income is deferred and released to profit and loss on a systematic basis over the expected useful life of the relating asset.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 21,063 |  | 21,473 |  |

| Other debtors | 249,730 |  | 131,134 |  |

270,793 |  | 152,607 |  |

New Energy Farms EU Limited (Registered number: 07337814)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 6,799 |  | 6,344 |  |

| Trade creditors | 16,445 |  | 41,010 |  |

| Taxation and social security | 296 |  | 50,505 |  |

| Other creditors | 149,629 |  | 192,482 |  |

173,169 |  | 290,341 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | 198,618 |  | 205,871 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 171,423 |  | 180,494 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 205,417 |  | 212,215 |  |

| The mortgage is secured over the freehold property to which it relates.

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 7,334 |  | 8,681 |  |

| Deferred |

| tax |

£ |

| Balance at 1 December 2024 | 8,681 |  |

| Credit to Income Statement during year | (1,347 | ) |

| Balance at 30 November 2025 | 7,334 |  |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

2025 | 2024 |

£ | £ |

| Dr P A Carver

| Balance outstanding at start of year | 1,487 |  | 1,700 |  |

| Amounts advanced | 259 |  | - |  |

| Amounts repaid | (1,341 | ) | (213 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 405 |  | 1,487 |  |

New Energy Farms EU Limited (Registered number: 07337814)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| M F F Carver

| Balance outstanding at start of year | 457 |  | - |  |

| Amounts advanced | - |  | 457 |  |

| Amounts repaid | (457 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 457 |  |