Company No: 15840445 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	E J Canas (Appointed 10 June 2026)
	K Dalsten (Appointed 10 June 2026)
	I S Eizaguirre (Appointed 16 July 2024)
	T M Elejabarrieta (Appointed 16 July 2024, Resigned 10 June 2026)
	T B Mortensen (Appointed 16 July 2024, Resigned 10 June 2026)

SECRETARY

Burness Paull LLP

REGISTERED OFFICE	Wsm Advisors Connect House
	133-137 Alexandra Road
	Wimbledon
	London
	SW19 7JY
	United Kingdom

COMPANY NUMBER

15840445 (England and Wales)

AUDITOR	S&W Audit
	Statutory Auditor
	22 Wycombe End
	Beaconsfield
	HP9 1NB

	Note	31.12.2025
		£
Fixed assets
Tangible assets	3	232,828
		232,828
Current assets
Debtors	4	575,628
		575,628
Creditors: amounts falling due within one year	5	( 1,017,849)
Net current liabilities		(442,221)
Total assets less current liabilities		(209,393)
Net liabilities		( 209,393)
Capital and reserves
Called-up share capital	6	100
Profit and loss account		( 209,493 )
Total shareholder's deficit		( 209,393)

The 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 Vestas Development UK Limited (registered number: 15840445) were approved and authorised for issue by the Board of Directors on 14 August 2026. They were signed on its behalf by:

E J Canas Director

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

Vestas Development 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 Wsm Advisors Connect House, 133-137 Alexandra Road, Wimbledon, London, SW19 7JY, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Vestas Development UK Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

During the period the company has been wholly reliant on funding from their immediate parent Vestas Development A/S. Although the support from their immediate parent is not legally binding, the directors hold a reasonable expectation that the company has the resources necessary to continue as a going concern for the foreseeable future and thus adopts the going concern basis for their financial statements.

Reporting period length

The financial statements have been prepared for the reporting period from 16 July 2024 to 31 December 2025.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise on monetary items.

Turnover

Turnover represents charges to group companies for personnel time and support services provided in connection with their operations. Revenue is recognized over the period in which the related services are provided and is measured in accordance with the agreed recharge arrangements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

7 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

2. Employees

	Period from 16.07.2024 to 31.12.2025
	Number
Monthly average number of persons employed by the Company during the period, including directors	4

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 16 July 2024	0		0
Transfers	366,893		366,893
At 31 December 2025	366,893		366,893
Accumulated depreciation
At 16 July 2024	0		0
Charge for the financial period	30,755		30,755
Transfers	103,310		103,310
At 31 December 2025	134,065		134,065
Net book value
At 31 December 2025	232,828		232,828

Tangible fixed assets include assets acquired through an intercompany transfer from other Wind Power entities. The assets were transferred at their existing gross book values, and the associated accumulated depreciation was transferred on the same basis. Consequently, the gross cost and accumulated depreciation shown reflect the historical amounts recorded by the transferring entities.

4. Debtors

	31.12.2025
	£
Amounts owed by Group undertakings	123,083
Deferred tax asset	91,493
Other debtors	361,052
	575,628

Amounts owed by Group undertakings are repayable on demand and do not bear interest.

5. Creditors: amounts falling due within one year

	31.12.2025
	£
Trade creditors	11,153
Amounts owed to Group undertakings	983,929
Other taxation and social security	5,017
Other creditors	17,750
	1,017,849

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

6. Called-up share capital

	31.12.2025
	£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100

On 16 July 2024 (on incorporation), 100 ordinary shares with the nominal value of £1 each were issued. The shares hold full voting, dividend and capital distribution rights; they do not confer any rights of redemption.

7. Related party transactions

The company is a member of a group and has taken advantage of the exemption in FRS 102 Section 1A paragraph 1AC.35 not to disclose transactions with, or details of, wholly owned subsidiaries within the group.

8. Audit Opinion

The auditor's report on the accounts for the financial period ended 31 December 2025 was unqualified.

The audit report was signed by Keir Singleton on behalf of S&W Audit on 15 August 2026.

9. Ultimate controlling party

The immediate parent undertaking of Vestas Development UK Limited is Vestas Development A/S, a company incorporated in Denmark. Its registered office is Hedeager, 42 Aarhus N, Aarhus, Denmark, 8200.

The ultimate parent undertaking of Vestas Development UK Limited is Vestas Wind Systems A/S, a public limited company. No singular individual has control of Vestas Wind Systems A/S.

The largest and smallest group for which group accounts are drawn up, and of which the Company is a member, is Vestas Wind Systems A/S. The consolidated accounts of this company are publicly available from the Central Business Register in Denmark.