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# GRID9 LTD

## Company Registration Number:
15275443 (England and Wales)

## Unaudited abridged accounts for the year ended 30 November 2025

## Period of accounts

## Start date: 01 December 2024

## End date: 30 November 2025

# GRID9 LTD

## Contents of the Financial Statements

for the Period Ended 30 November 2025

Balance sheet |
Notes |

# GRID9 LTD

## Balance sheet

As at 30 November 2025

| Notes | 2025 | 13 months to 30 November 2024
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 10 | 10
Fixed assets
Investments: | 3 | 1,133,658 | 562
Total fixed assets: |  | 1,133,658 | 562
Current assets
Creditors: amounts falling due within one year: | 4 | (562) | (562)
Net current assets (liabilities): |  | (562) | (562)
Total assets less current liabilities: |  | 1,133,106 | 10
Total net assets (liabilities): |  | 1,133,106 | 10
Capital and reserves
Called up share capital: |  | 10 | 10
Profit and loss account: |  | 1,133,096 | 0
Shareholders funds: |  | 1,133,106 | 10

The notes form part of these financial statements

# GRID9 LTD

## Balance sheet statements

For the year ending 30 November 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 August 2026
and signed on behalf of the board by:

Name: Aaron Bridger
Status: Director

The notes form part of these financial statements

# GRID9 LTD

## Notes to the Financial Statements

for the Period Ended 30 November 2025

## 1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

## Valuation and information policy

Fixed asset investments in equity instruments are initially measured at transaction price. Where fair value can be measured reliably, investments are subsequently measured at fair value with changes in fair value recognised in profit or loss. Fair value is determined using observable market transaction evidence where available.

## Other accounting policies

Foreign currency transactions are translated into sterling at the exchange rate applicable at the date of the transaction. Non-monetary assets measured at fair value in a foreign currency are translated using the exchange rate at the date when the fair value is measured.

# GRID9 LTD

## Notes to the Financial Statements

for the Period Ended 30 November 2025

## 2. Employees

| 2025 | 13 months to 30 November 2024
--- | --- | ---
Average number of employees during the period | 0 | 0

# GRID9 LTD

## Notes to the Financial Statements

for the Period Ended 30 November 2025

## 3. Fixed investments

At 1 December 2024 the company held 250,000 ordinary shares in Novem AS, a Norwegian private limited company, at a cost of £562. There were no additions or disposals during the year. At 30 November 2025 the investment was measured at a fair value of £1,133,658. Fair value was determined by reference to an arm's-length equity financing signed on 25 August 2025 in which shares of the same class were subscribed for at approximately NOK 60.76 per share. There was no material change in circumstances between the financing and the reporting date. The resulting value of NOK 15,189,998 was translated into sterling at £1 = NOK 13.3991, being the Bank of England rate at the reporting date/last business day before the reporting date, giving a fair value of £1,133,658.

# GRID9 LTD

## Notes to the Financial Statements

for the Period Ended 30 November 2025

## 4. Creditors: amounts falling due within one year note

Amounts due to director At 30 November 2025, £562 (2024: £562) was due to the director in respect of expenditure incurred personally on behalf of the company. The amount is unsecured, interest-free and repayable on demand.

# GRID9 LTD

## Notes to the Financial Statements

for the Period Ended 30 November 2025

## 5. Changes in presentation and prior period adjustments

Prior period adjustment The comparative figures for the period ended 30 November 2024 have been restated to correct the accounting treatment of the company’s original investment in Novem AS. The £562 cost of the investment was paid personally by the director on behalf of the company and should have been recognised as an amount due to the director rather than as part of shareholders’ funds. In addition, £10 of issued share capital remained unpaid at 30 November 2024 and has been recognised as called up share capital not paid. As a result, the 2024 comparative figures have been restated by increasing called up share capital not paid by £10, increasing creditors falling due within one year by £562, and reducing total net assets and shareholders’ funds from £562 to £10. The carrying value of the investment in Novem AS at 30 November 2024 remains unchanged at £562. There was no effect on profit or loss for the prior period.

# GRID9 LTD

## Notes to the Financial Statements

for the Period Ended 30 November 2025

## 6. Related party transactions

Name of the related party: | Aaron Bridger
Relationship: | Director and shareholder
Description of the Transaction: | Related party transaction The director paid £562 personally on behalf of the company in respect of the acquisition of its investment in Novem AS. At 30 November 2025, £562 (2024: £562) remained due to the director. The balance is unsecured, interest-free and repayable on demand.
£
Balance at 01 December 2024 |  | 562
Balance at 30 November 2025 |  | 562