Company No: 15995823 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.12.2025
		£
Fixed assets
Investments	3	90
		90
Current assets
Debtors
- due within one year	4	671,731
- due after more than one year	4	8,103,045
Cash at bank and in hand		11,404
		8,786,180
Net current assets		8,786,180
Total assets less current liabilities		8,786,270
Net assets		8,786,270
Capital and reserves
Called-up share capital	5	83,054
Share premium account		8,222,306
Profit and loss account		480,910
Total shareholders' funds		8,786,270

For the financial period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Helios Bess UK Limited (registered number: 15995823) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

R D Rappaport Director

13 August 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Helios Bess UK Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 1 Fore Street Avenue, London, EC2Y 9DT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Reporting period length

The reporting period length covers 14 months.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors, loans to related parties and investments in ordinary shares.

Financial assets
Basic financial assets, including amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and 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.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Comprehensive Income. Where fair value cannot be measured reliably, investments in subsidiaries are measured at cost less impairment.

2. Employees

	Period from 03.10.2024 to 31.12.2025
	Number
Monthly average number of persons employed by the company during the period, including directors	3

3. Fixed asset investments

Investments in subsidiaries

	31.12.2025
	£
Cost
At 03 October 2024	0
Additions	90
At 31 December 2025	90
Carrying value at 31 December 2025	90

Investments in shares

The following were investments in shares of the company:

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.12.2025	Held
Voltaria Helios Energy Storage Limited	1 Fore Street Avenue, London, England, EC2Y 9DT	Management company	Ordinary	90.00%	Direct
Falkirk Power Limited	1 Fore Street Avenue, London, England, EC2Y 9DT	Production of electricity	Ordinary	90.00%	Indirect

4. Debtors

	31.12.2025
	£
Debtors: amounts falling due within one year
Amounts owed by related parties	671,731
Debtors: amounts falling due after more than one year
Amounts owed by group undertakings	8,103,045

5. Called-up share capital

	31.12.2025
	£
Allotted, called-up and fully-paid
8,305,360 Ordinary Shares shares of £ 0.01 each	83,054

The company has 8,305,360 ordinary shares at a nominal value of £0.01 per share in issue. All shares carry equal rights with respect to voting, dividends, and distributions upon winding up.
Total consideration of £8,305,360 was received and paid at £1 per share.

6. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	31.12.2025
	£
Amounts owed by group undertakings	8,103,045

The amount bears interest at a rate of 11% per annum and is repayable on 1 Nov 2034 or earlier, subject to the conditions listed on the loan note agreement.

Where possible, the company has taken advantage of the exemption conferred by FRS 102 section 33.1A from the requirement to disclose transactions with other wholly owned group undertakings.