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Registered number: 13683436 REIP IV HOLDINGS LIMITED DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
REIP IV HOLDINGS LIMITED COMPANY INFORMATION
Directors | P. E. Dias
| T. J. Rosser
Registered number | 13683436
Registered office | UK House, 5th Floor
| 164-182 Oxford Street
| W1D 1NN
Independent auditors | Wilder Coe Ltd
| Chartered Accountants and Statutory Auditors
| 1st Floor Sackville House 143-149 Fenchurch Street
| London
| EC3M 6BL
REIP IV HOLDINGS LIMITED CONTENTS
| Page
Directors' Report | 1 - 3
Independent Auditors' Report | 4 - 7
Statement of Income and Retained Earnings | 8
Balance Sheet | 9
Notes to the Financial Statements | 10 - 15
REIP IV HOLDINGS LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The directors present their report and the audited financial statements of REIP IV Holdings Limited ("the Company") for the year ended 31 December 2025.
Directors' responsibilities statement
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgments and accounting estimates that are reasonable and prudent; and ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Principal activity
The Company is a holding company for investments, of which the principal activity is the operation of renewable energy assets for the generation of power.
Results and dividends
The profit for the year, after taxation, amounted to £3,429,824 (2024 - £4,311,486). The directors do not recommend the payment of a dividend (2024 - £Nil). Page 1
REIP IV HOLDINGS LIMITED DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Going Concern
The financial statements have been prepared on the going concern basis. The directors have prepared cashflow forecasts and reviewed capital requirements for the twelve months from the date of approving these financial statements, which indicate the business can continue to trade for at least twelve months. Factors supporting the assessment are as follows: ∙The Company owns investments in joint ventures which generate cashflows throughout the year. All wind plants have Power and Energy Purchase Agreement (PPA) contracts which guarantee the electricity they produce a route to market for a period greater than 12 months from the date of approving these financial statements, and all solar plants have fixed pricing arrangements which, if called, provide a minimum price in that route to market for primary generation income. ∙The solar PV plants have Feed in Tariff accreditation, which is a 20-year government subsidy administered by Office of Gas and Electricity Markets (OFGEM) which guarantees a stream of revenue as long as the plants are generating electricity, at a price to be determined based on demand. ∙The wind plants have Renewable Obligation Certificate (ROC) accreditation, which is a 20-year government subsidy administered by Office of Gas and Electricity Markets (OFGEM) which guarantees a stream of revenue as long as the plants are generating electricity, at a price to be determined based on demand. ∙The Company's cashflow forecasts have utilised forward pricing curves and the directors have applied sensitivities and considered debt repayments due over the next 12 months.
Directors
The directors who served during the year were:
P. E. Dias
T. J. Rosser
Statement of disclosure of information to auditors
Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.
Auditors
The auditors, Wilder Coe Ltd, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. Page 2
REIP IV HOLDINGS LIMITED DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Small companies note
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. The directors have also taken advantage of the small company exemptions provided by section 414B of the Companies Act 2006 and have not prepared a strategic report. This report was approved by the board on 30 June 2026 and signed on its behalf.
P. E. Dias Director
Page 3
REIP IV HOLDINGS LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF REIP IV HOLDINGS LIMITED
Opinion
We have audited the financial statements of REIP IV Holdings Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of Income and Retained Earnings, the Balance Sheet and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: ∙give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its profit for the year then ended; ∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ∙have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 4
REIP IV HOLDINGS LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF REIP IV HOLDINGS LIMITED (CONTINUED)
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit: ∙the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Directors' Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ∙the financial statements are not in agreement with the accounting records and returns; or ∙certain disclosures of directors' remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. Page 5
REIP IV HOLDINGS LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF REIP IV HOLDINGS LIMITED (CONTINUED)
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity. The following laws and regulations were identified as being of significance to the entity: ∙Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, company law, tax legislation and distributable profits legislation. ∙Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the business and therefore may have a material effect on the financial statements. These include UK Financial Reporting Standard 102, the Companies Act 2006, the Corporation Tax Act 2010 and The Energy Act 2013. Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) compromises of: enquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; testing the appropriateness of journal entries; and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud. No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud may be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK). A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report. Page 6
REIP IV HOLDINGS LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF REIP IV HOLDINGS LIMITED (CONTINUED)
Use of our report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed. Caryl King BSc ACA (Senior Statutory Auditor) for and on behalf of Wilder Coe Ltd Chartered Accountants and Statutory Auditors 1st Floor Sackville House 143-149 Fenchurch Street London EC3M 6BL Date: 30 July 2026 Page 7
REIP IV HOLDINGS LIMITED STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED 31 DECEMBER 2025
| 2025 | 2024
| £ | £
| Note |  |
Administrative expenses |  | (70,122) | (13,930)
Operating loss |  | (70,122) | (13,930)
Income from fixed assets investments |  | 3,210,000 | 4,356,000
Interest receivable and similar income |  | 4,966,302 | 5,246,644
Interest payable and similar expenses |  | (4,676,356) | (5,277,228)
Profit on ordinary activities before taxation |  | 3,429,824 | 4,311,486
Taxation on profit on ordinary activities | 5 | - | -
Profit for the year |  | 3,429,824 | 4,311,486
Retained earnings/(losses) at the beginning of the year |  | 4,122,469 | (189,017)
Profit for the year |  | 3,429,824 | 4,311,486
Retained earnings at the end of the year |  | 7,552,293 | 4,122,469
The notes on pages 10 to 15 form part of these financial statements.
Page 8
REIP IV HOLDINGS LIMITED REGISTERED NUMBER: 13683436 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments in subsidiaries | 6 |  | 7,941,205 |  | 7,941,205
Investments in associates | 6 |  | 11,778,988 |  | 11,778,988
Loans to subsidiaries | 6 |  | 54,583,353 |  | 59,490,562
Loans to associates | 6 |  | 20,507,735 |  | 20,074,402
|  |  | 94,811,281 |  | 99,285,157
Current assets |  |  |  |  |
Debtors | 7 | 2,848,780 |  | 1,873,762 |
Cash at bank and in hand |  | 1,932 |  | 2,022,054 |
|  | 2,850,712 |  | 3,895,816 |
Creditors: amounts falling due within one year | 8 | (1,170,959) |  | (1,286,886) |
Net current assets |  |  | 1,679,753 |  | 2,608,930
Total assets less current liabilities |  |  | 96,491,034 |  | 101,894,087
Creditors: amounts falling due after more than one year | 9 |  | (69,567,241) |  | (78,400,118)
Net assets |  |  | 26,923,793 |  | 23,493,969
Capital and reserves |  |  |  |  |
Allotted, called up and fully paid share capital | 10 |  | 193,716 |  | 193,716
Share premium account |  |  | 19,177,784 |  | 19,177,784
Retained earnings |  |  | 7,552,293 |  | 4,122,469
Total shareholders' funds |  |  | 26,923,793 |  | 23,493,969
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 June 2026.
P. E. Dias
Director
The notes on pages 10 to 15 form part of these financial statements. Page 9
REIP IV HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
REIP IV Holdings Limited (Company number: 13683436), having its registered office and principal place of business at UK House, 5th Floor, 164-182 Oxford Street, London, W1D 1NN, is a private limited company incorporated in England and Wales. The Company is a holding company for investments, of which the principal activity is the operation of renewable energy assets for the generation of power. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Exemption from preparing consolidated financial statements
The Company and the Group and associates headed by it holds investments in joint ventures and as such is not required by the Companies Act 2006 to prepare consolidated financial statements. These financial statements therefore present information about the Company as an individual undertaking and not about its group.
| 2.3 | Statement of cash flows
The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 7.1B from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.
| 2.4 | Interest income
Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.
| 2.5 | Finance costs
Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.
| 2.6 | Valuation of investments
Investments in associates are measured at cost less accumulated impairment. Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Page 10
REIP IV HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.7 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.9 | Creditors
Short-term creditors are measured at the transaction price.
| 2.10 | Financial instruments
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 and loans to related parties. 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. 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, with the net amounts presented in the financial statements, when there is a legally 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.
| 2.11 | Taxation
Tax is recognised in the Statement of Income and Retained Earnings. The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date. Page 11
REIP IV HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
In the application of the Company's accounting policies, management is required to make judgements, estimations and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates. The estimates and underlying assumptions are reviewed on a continuing basis, revisions to accounting estimates are recognised in the period in which the estimated are revised.
4. | Employees
| The Company has no employees other than the directors, who did not receive any remuneration (2024 - £Nil).
5. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | - | -
| Factors affecting tax charge for the year
| The tax assessed for the year is lower than (2024 - lower than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 3,429,824 | 4,311,486
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) | 857,456 | 1,077,872
| Effects of: |  |
| Expenses not deductible for tax purposes | - | 50
| Dividends from UK companies | (802,500) | (1,089,000)
| (Utilisation) /creation of tax losses | (54,956) | 11,078
| Total tax charge for the year | - | -
| Factors that may affect future tax charges
The Company had losses of £13,357 (2024: £233,181) available to be carried forward and offset against future taxable profits of the same trade. Page 12
REIP IV HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Fixed assets
|  | Investments in subsidiary companies | Investments in associates | Loans to subsidiaries | Loans to associates | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 January 2025 | 7,941,205 | 11,778,988 | 59,490,562 | 20,074,402 | 99,285,157
| Additions | - | - | - | 433,333 | 433,333
| Capital repayments | - | - | (4,907,209) | - | (4,907,209)
| At 31 December 2025 | 7,941,205 | 11,778,988 | 54,583,353 | 20,507,735 | 94,811,281
| Loans to subsidiaries and associates bear interest of 6.5% and are repayable after more than five years. The Directors believe that the carrying value of the investments is supported by their underlying net assets.
| Subsidiary undertaking
| The following was a subsidiary undertaking of the Company:
| Name | Registered office | Class of shares | Holding
| REIP IV Midco Limited | UK House, 5th Floor, 164-182 Oxford Street, London, W1D 1NN | Ordinary | 100%
| Associates
| The associates of the Company as at 31 December 2025 are listed below:
| Name | Registered office | Principal activity | Holding
| Sky Renewables UK Holdings Limited | UK House, 5th Floor, 164-182 Oxford Street, London, United Kingdom, W1D 1NN | Holding company | 33%
Page 13
REIP IV HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Prepayments and accrued income | 2,826,423 | 1,851,405
| Other debtors | 22,356 | 22,356
| Called up share capital not paid | 1 | 1
|  | 2,848,780 | 1,873,762
| Included within prepayments and accrued income is £1,926,423 (2024: £1,851,405) relating to accrued interest on the loans to joint ventures and associated undertakings.
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 38 | 38
| Accruals and deferred income | 1,170,921 | 1,286,848
|  | 1,170,959 | 1,286,886
| On 20 October 2021, the parent Octopus Renewable Energy Income Partnership IV LP issued the company with loan notes at 6.5% interest of £7,828,548, that are convertible into shares of the Company at the holder's option at the rate of 782,854,800 shares per £0.01 nominal value of the loan note.
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 69,567,241 | 78,400,118
| The loan notes bear interest at 6.5% and are repayable after more than five years.
10. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 19,371,600 (2024 - 19,371,600) Ordinary shares of £0.01 each | 193,716 | 193,716
Page 14
REIP IV HOLDINGS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
11. | Related party transactions
| The Company has taken advantage of Section 33.1A of Financial Reporting Standard 102 in not disclosing transactions between wholly-owned members of a group.
12. | Controlling party
The Company's immediate and ultimate controlling party is Octopus Renewable Energy Income Partnership IV LP, a limited partnership formed in Jersey.
Page 15