IRIS Accounts Production v26.1.10.61 SC710079 Board of Directors 1.1.25 31.12.25 31.12.25 12.8.26 true false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC710079 2024-12-31 SC710079 2025-12-31 SC710079 2025-01-01 2025-12-31 SC710079 2023-12-31 SC710079 2024-01-01 2024-12-31 SC710079 2024-12-31 SC710079 ns15:Scotland 2025-01-01 2025-12-31 SC710079 ns14:PoundSterling 2025-01-01 2025-12-31 SC710079 ns10:Director1 2025-01-01 2025-12-31 SC710079 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC710079 ns10:SmallEntities 2025-01-01 2025-12-31 SC710079 ns10:Audited 2025-01-01 2025-12-31 SC710079 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 SC710079 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC710079 ns10:FullAccounts 2025-01-01 2025-12-31 SC710079 ns10:Director2 2025-01-01 2025-12-31 SC710079 ns10:RegisteredOffice 2025-01-01 2025-12-31 SC710079 ns5:CurrentFinancialInstruments 2025-12-31 SC710079 ns5:CurrentFinancialInstruments 2024-12-31 SC710079 ns5:ShareCapital 2025-12-31 SC710079 ns5:ShareCapital 2024-12-31 SC710079 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 SC710079 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 SC710079 ns5:MotorVehicles 2025-01-01 2025-12-31 SC710079 ns5:ComputerEquipment 2025-01-01 2025-12-31 SC710079 ns5:PlantMachinery 2024-12-31 SC710079 ns5:MotorVehicles 2024-12-31 SC710079 ns5:ComputerEquipment 2024-12-31 SC710079 ns5:PlantMachinery 2025-01-01 2025-12-31 SC710079 ns5:PlantMachinery 2025-12-31 SC710079 ns5:MotorVehicles 2025-12-31 SC710079 ns5:ComputerEquipment 2025-12-31 SC710079 ns5:PlantMachinery 2024-12-31 SC710079 ns5:MotorVehicles 2024-12-31 SC710079 ns5:ComputerEquipment 2024-12-31 SC710079 ns5:AdditionsToInvestments 2025-12-31 SC710079 ns5:CostValuation 2025-12-31 SC710079 ns5:Subsidiary1 2025-01-01 2025-12-31 SC710079 1 ns5:Subsidiary1 2025-01-01 2025-12-31 SC710079 ns5:Subsidiary2 2025-01-01 2025-12-31 SC710079 ns5:Subsidiary2 3 2025-01-01 2025-12-31 SC710079 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 SC710079 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 SC710079 ns5:WithinOneYear 2025-12-31 SC710079 ns5:WithinOneYear 2024-12-31 SC710079 ns5:BetweenOneFiveYears 2025-12-31 SC710079 ns5:BetweenOneFiveYears 2024-12-31 SC710079 ns5:AllPeriods 2025-12-31 SC710079 ns5:AllPeriods 2024-12-31

REGISTERED NUMBER: SC710079 (Scotland)

Financial Statements For The Year Ended 31 December 2025

for

Koehler Renewable Energy UK Limited

| Koehler Renewable Energy UK Limited (Registered number: SC710079) |

Contents of the Financial Statements

For The Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| Koehler Renewable Energy UK Limited |

Company Information

For The Year Ended 31 December 2025

| DIRECTORS: | N F L Christoph

| A Mathewson

| REGISTERED OFFICE: | c/o Robb Ferguson

| Regent Court

| 70 West Regent Street

| Glasgow

| G2 2QZ

| REGISTERED NUMBER: | SC710079 (Scotland)

| INDEPENDENT AUDITORS: | Robb Ferguson

| Chartered Accountants & Statutory Auditors

| Regent Court

| 70 West Regent Street

| Glasgow

| G2 2QZ

| Koehler Renewable Energy UK Limited (Registered number: SC710079) |

Statement of Financial Position

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,831,954 |  | 1,755,195 |  |

Investments | 5 | 200 |  | - |  |

2,832,154 |  | 1,755,195 |  |

CURRENT ASSETS

Debtors | 6 | 351,812 |  | 241,951 |  |

Cash at bank | 91,897 |  | 127,309 |  |

443,709 |  | 369,260 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,692,618 |  | 1,917,913 |  |

NET CURRENT LIABILITIES | (1,248,909 | ) | (1,548,653 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,583,245 |  | 206,542 |  |

CAPITAL AND RESERVES

Called up share capital | 3,000,010 |  | 1,000,010 |  |

Retained earnings | (1,416,765 | ) | (793,468 | ) |

1,583,245 |  | 206,542 |  |

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2026 and were signed on its behalf by:

N F L Christoph - Director

| Koehler Renewable Energy UK Limited (Registered number: SC710079) |

Notes to the Financial Statements

For The Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Koehler Renewable Energy UK Limited is a private company, limited by shares , registered in Scotland. 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.

| The financial statements have been prepared on a going concern basis. The Directors consider that the going concern basis is appropriate as although the company has net liabilities at the year end date, related parties have confirmed their continued support as required.

| Turnover

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

| Tangible fixed assets

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

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% straight line

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Financial instruments

| Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Koehler Renewable Energy UK Limited (Registered number: SC710079) |

Notes to the Financial Statements - continued

For The Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Development costs

| Development costs are reclassified as costs of investment when the renewable energy sites are completed. There is no depreciation charged on development costs as the sites are not yet operational.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 4 ) .

4. | TANGIBLE FIXED ASSETS

| Development |  | Motor |  | Computer |

| costs |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2025 | 1,726,602 |  | 58,106 |  | 2,492 |  | 1,787,200 |  |

| Additions | 1,193,733 |  | - |  | 2,484 |  | 1,196,217 |  |

| Disposals | (111,373 | ) | - |  | - |  | (111,373 | ) |

| At 31 December 2025 | 2,808,962 |  | 58,106 |  | 4,976 |  | 2,872,044 |  |

| DEPRECIATION

| At 1 January 2025 | - |  | 30,869 |  | 1,136 |  | 32,005 |  |

| Charge for year | - |  | 6,809 |  | 1,276 |  | 8,085 |  |

| At 31 December 2025 | - |  | 37,678 |  | 2,412 |  | 40,090 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,808,962 |  | 20,428 |  | 2,564 |  | 2,831,954 |  |

| At 31 December 2024 | 1,726,602 |  | 27,237 |  | 1,356 |  | 1,755,195 |  |

| Development costs include legal and professional fees, material costs, consulting fees, project management and health and safety in relation to the construction of the renewable energy sites.

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| Additions | 200 |  |

| At 31 December 2025 | 200 |  |

| NET BOOK VALUE

| At 31 December 2025 | 200 |  |

| Koehler Renewable Energy UK Limited (Registered number: SC710079) |

Notes to the Financial Statements - continued

For The Year Ended 31 December 2025

5. | FIXED ASSET INVESTMENTS - continued

| The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

| KRE Blackhills Ltd

| Registered office: 70 West Regent Street, C/O Robb Ferguson, Glasgow, Scotland, G2 2QZ

| Nature of business:

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| KRE Rowancraig Ltd

| Registered office: 70 West Regent Street, C/O Robb Ferguson, Glasgow, Scotland, G2 2QZ

| Nature of business:

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

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

2025 | 2024 |

£ | £ |

| Intercompany debtor | 196,119 |  | 175,536 |  |

| VAT | 67,647 |  | 57,877 |  |

| Prepayments & accrued income | 88,046 |  | 8,538 |  |

351,812 |  | 241,951 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 17,901 |  | 97,170 |  |

| Social security and other taxes | 11,359 |  | - |  |

| Other creditors | 1,597,322 |  | 1,679,539 |  |

| Accrued expenses | 66,036 |  | 141,204 |  |

1,692,618 |  | 1,917,913 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 80,145 |  | 38,400 |  |

| Between one and five years | 255,574 |  | - |  |

335,719 |  | 38,400 |  |

| Koehler Renewable Energy UK Limited (Registered number: SC710079) |

Notes to the Financial Statements - continued

For The Year Ended 31 December 2025

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was qualified on the following basis:

| Basis for qualified 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 UK, including the FRC'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. Similar to other companies involved in the development of renewable energy, the carrying value of development costs (£2,808,962) includes various sites at different stages of the planning and development process which, depending on whether planning permission is obtained,may or may not be recoverable in the future. The company's expectation for all costs carried as fixed assets is that the relevant permissions will be obtained in due course.

| Where planning permission has not been obtained at the date of sign off of the financial statements, the conditions of FRS102 Section 1a are not met to enable capitalisation of development costs, and thus such costs should be expensed through the Statement of Comprehensive Income until such conditions are met.

| We also refer to our modified audit opinion in respect of development costs capitalised at 31 December 2025 (£2,808,962).

| Accordingly, the reasonableness of the carrying value of development costs at the year end (£2,808,962) and the previous year end (£1,726,602) cannot be confirmed.

| Janice Alexander (Senior Statutory Auditor)

| for and on behalf of Robb Ferguson

10. | ULTIMATE CONTROLLING PARTY

| The company's immediate parent undertaking is Koehler Renewable Energy GmbH, incorporated in Germany. The ultimate parent undertaking in which the results of the company are consolidated is Koehler Holding SE & Co. KG, Hauptstrasse 2, Oberkirch,77704, Germany. A copy of the accounts are available upon request on bundesanzeiger.de.